Gentherm Inc (NASDAQ:THRM) Given Consensus Rating of “Hold” by Analysts

Gentherm Inc (NASDAQ:THRM) has received an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $37.40.

A number of equities analysts have weighed in on the company. Weiss Ratings raised Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Roth Capital dropped their price target on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Robert W. Baird lifted their price target on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Stifel Nicolaus boosted their price objective on shares of Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th.

Institutional Trading of Gentherm

Several large investors have recently modified their holdings of the company. Palouse Capital Management Inc. increased its position in Gentherm by 14.2% during the second quarter. Palouse Capital Management Inc. now owns 4,822 shares of the auto parts company’s stock valued at $164,000 after acquiring an additional 600 shares during the last quarter. Moody National Bank Trust Division grew its stake in shares of Gentherm by 89.1% during the 2nd quarter. Moody National Bank Trust Division now owns 35,808 shares of the auto parts company’s stock valued at $1,221,000 after purchasing an additional 16,871 shares during the period. Empowered Funds LLC bought a new stake in shares of Gentherm during the 1st quarter valued at about $1,008,000. Bank of America Corp DE increased its position in shares of Gentherm by 7.6% during the 1st quarter. Bank of America Corp DE now owns 307,770 shares of the auto parts company’s stock valued at $8,550,000 after purchasing an additional 21,677 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Gentherm by 7.5% during the 1st quarter. Quantinno Capital Management LP now owns 19,900 shares of the auto parts company’s stock valued at $553,000 after purchasing an additional 1,386 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Down 3.2%

Gentherm stock opened at $35.94 on Monday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 47.92 and a beta of 1.38. The stock has a fifty day simple moving average of $34.58 and a two-hundred day simple moving average of $32.87. Gentherm has a 12 month low of $27.00 and a 12 month high of $39.48. The company has a current ratio of 1.97, a quick ratio of 1.36 and a debt-to-equity ratio of 0.31.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.31. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.The firm had revenue of $393.71 million for the quarter, compared to the consensus estimate of $363.81 million. During the same period in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Equities analysts predict that Gentherm will post 2.75 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.