Gentherm Inc (NASDAQ:THRM) Receives $43.00 Average PT from Brokerages

Shares of Gentherm Inc (NASDAQ:THRM) have been given an average rating of “Hold” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $43.00.

Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Weiss Ratings lowered shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Roth Mkm reiterated a “buy” rating and set a $44.00 price objective on shares of Gentherm in a report on Friday, October 24th. Finally, Robert W. Baird set a $42.00 price objective on shares of Gentherm in a research report on Friday, October 24th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of THRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Gentherm by 5.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company’s stock worth $2,904,000 after buying an additional 5,824 shares during the period. Millennium Management LLC raised its holdings in shares of Gentherm by 93.4% in the first quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock valued at $4,161,000 after acquiring an additional 75,170 shares in the last quarter. Jane Street Group LLC lifted its stake in Gentherm by 389.2% in the first quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock worth $2,257,000 after acquiring an additional 67,150 shares during the period. Inspire Investing LLC grew its holdings in Gentherm by 7.4% during the 2nd quarter. Inspire Investing LLC now owns 13,734 shares of the auto parts company’s stock worth $389,000 after acquiring an additional 941 shares in the last quarter. Finally, CWM LLC grew its holdings in Gentherm by 1,758.4% during the 2nd quarter. CWM LLC now owns 5,185 shares of the auto parts company’s stock worth $147,000 after acquiring an additional 4,906 shares in the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Performance

Gentherm stock opened at $32.21 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.33. The firm has a market capitalization of $983.05 million, a P/E ratio of 32.21 and a beta of 1.34. Gentherm has a 1-year low of $22.75 and a 1-year high of $39.48. The company’s 50-day moving average is $36.08 and its 200 day moving average is $35.61.

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.