Gentherm Inc (NASDAQ:THRM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Gentherm Inc (NASDAQ:THRM) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $43.00.

THRM has been the topic of several recent research reports. Robert W. Baird set a $42.00 price target on shares of Gentherm in a research report on Friday, October 24th. Roth Capital restated a “buy” rating and issued a $44.00 target price on shares of Gentherm in a report on Friday, October 24th. Wall Street Zen raised Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. JPMorgan Chase & Co. upped their price target on Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Finally, Weiss Ratings upgraded Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday.

Gentherm Trading Down 0.4%

Shares of Gentherm stock opened at $36.99 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.33 and a current ratio of 1.96. Gentherm has a 52 week low of $22.75 and a 52 week high of $41.09. The stock has a 50 day moving average price of $36.23 and a two-hundred day moving average price of $34.06. The stock has a market capitalization of $1.13 billion, a PE ratio of 36.99 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. Gentherm had a return on equity of 9.55% and a net margin of 2.08%.The company had revenue of $386.87 million for the quarter, compared to analyst estimates of $374.75 million. During the same period in the prior year, the firm earned $0.75 earnings per share. Gentherm’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Gentherm will post 3.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gentherm

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Gentherm by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,361,684 shares of the auto parts company’s stock worth $46,380,000 after buying an additional 18,259 shares in the last quarter. Global Alpha Capital Management Ltd. increased its position in shares of Gentherm by 23.5% during the second quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock valued at $31,384,000 after acquiring an additional 211,300 shares during the last quarter. Harvey Partners LLC lifted its holdings in Gentherm by 72.6% during the third quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock worth $34,894,000 after acquiring an additional 431,072 shares during the period. Segall Bryant & Hamill LLC boosted its position in Gentherm by 46.7% in the third quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock worth $33,962,000 after purchasing an additional 317,246 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Gentherm by 4.4% in the 2nd quarter. Geode Capital Management LLC now owns 762,709 shares of the auto parts company’s stock valued at $21,579,000 after purchasing an additional 32,140 shares during the period. 97.13% of the stock is owned by institutional investors.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.