Analysts Set Gentherm Inc (NASDAQ:THRM) PT at $40.40

Shares of Gentherm Inc (NASDAQ:THRM) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $40.40.

Several research analysts recently issued reports on THRM shares. Argus raised Gentherm to a “hold” rating in a research report on Friday, February 27th. Stifel Nicolaus began coverage on Gentherm in a research note on Monday, February 23rd. They set a “buy” rating and a $41.00 price target on the stock. Weiss Ratings lowered shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Robert W. Baird dropped their target price on shares of Gentherm from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Finally, Loop Capital set a $38.00 price target on shares of Gentherm in a research note on Wednesday, February 25th.

Hedge Funds Weigh In On Gentherm

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in Gentherm by 385.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 543,200 shares of the auto parts company’s stock valued at $18,501,000 after purchasing an additional 431,271 shares during the last quarter. Harvey Partners LLC lifted its holdings in shares of 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 purchasing an additional 431,072 shares during the period. Royce & Associates LP acquired a new stake in shares of Gentherm during the fourth quarter worth about $12,080,000. 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 valued at $33,962,000 after buying an additional 317,246 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Gentherm by 42.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock worth $21,630,000 after buying an additional 190,432 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Trading Down 3.1%

NASDAQ THRM opened at $28.23 on Tuesday. Gentherm has a 52 week low of $22.75 and a 52 week high of $39.48. The company has a 50 day moving average price of $33.91 and a 200 day moving average price of $35.23. The company has a quick ratio of 1.30, a current ratio of 1.92 and a debt-to-equity ratio of 0.26. The firm has a market cap of $861.86 million, a PE ratio of 46.28 and a beta of 1.31.

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). Gentherm had a return on equity of 10.07% and a net margin of 1.22%.The firm had revenue of $382.79 million during the quarter, compared to analysts’ expectations of $371.91 million. During the same period in the prior year, the firm posted $0.29 earnings per share. Gentherm’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Gentherm will post 3.1 EPS for the current fiscal year.

About Gentherm

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.