Gentherm (NASDAQ:THRM) Given New $39.00 Price Target at Roth Mkm

Gentherm (NASDAQ:THRM) had its price objective decreased by Roth Mkm from $44.00 to $39.00 in a research note published on Monday,Benzinga reports. Roth Mkm currently has a buy rating on the auto parts company’s stock.

Several other research analysts have also issued reports on THRM. Stifel Nicolaus started coverage on Gentherm in a research report on Monday, February 23rd. They set a “buy” rating and a $41.00 target price for the company. Loop Capital set a $38.00 price target on Gentherm in a research report on Wednesday, February 25th. Argus raised Gentherm to a “hold” rating in a research note on Friday, February 27th. Wall Street Zen downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Robert W. Baird cut their price objective on Gentherm from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.40.

Gentherm Trading Up 4.0%

THRM opened at $28.64 on Monday. Gentherm has a fifty-two week low of $22.75 and a fifty-two week high of $39.48. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.92 and a quick ratio of 1.30. The firm has a market capitalization of $874.38 million, a price-to-earnings ratio of 46.95 and a beta of 1.31. The company’s 50 day moving average price is $32.49 and its two-hundred day moving average price is $34.79.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.08). The business had revenue of $382.79 million for the quarter, compared to the consensus estimate of $371.91 million. Gentherm had a net margin of 1.22% and a return on equity of 10.07%. Gentherm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. As a group, research analysts predict that Gentherm will post 3.1 earnings per share for the current year.

Institutional Trading of Gentherm

A number of institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of Gentherm by 160.3% in the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 500 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Gentherm by 1,609.1% in the 2nd quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 885 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Gentherm during the 4th quarter valued at about $35,000. Eagle Bay Advisors LLC acquired a new stake in Gentherm during the fourth quarter worth approximately $50,000. Finally, Palladiem LLC acquired a new stake in Gentherm during the fourth quarter worth approximately $52,000. Institutional investors own 97.13% of the company’s stock.

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.