Gentherm Inc (NASDAQ:THRM) Receives Average Recommendation of “Hold” from Analysts

Shares of Gentherm Inc (NASDAQ:THRMGet Free Report) have been given an average rating of “Hold” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $37.40.

Several research firms have issued reports on THRM. Roth Mkm dropped their price target on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Stifel Nicolaus upped their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Argus upgraded shares of Gentherm to a “hold” rating in a report on Friday, February 27th. Robert W. Baird upped their price objective on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th.

Check Out Our Latest Report on THRM

Hedge Funds Weigh In On Gentherm

Several institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC acquired a new position in shares of Gentherm in the first quarter valued at $1,008,000. Bank of America Corp DE increased its holdings in shares of Gentherm by 7.6% in the first 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. Quantinno Capital Management LP increased its holdings in shares of Gentherm by 7.5% in the first 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. Lazard Asset Management LLC increased its holdings in shares of Gentherm by 47.5% in the first quarter. Lazard Asset Management LLC now owns 241,516 shares of the auto parts company’s stock valued at $6,709,000 after purchasing an additional 77,736 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Gentherm by 24.5% in the first quarter. Renaissance Technologies LLC now owns 271,464 shares of the auto parts company’s stock valued at $7,541,000 after purchasing an additional 53,400 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Stock Performance

NASDAQ THRM opened at $35.81 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.36 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average price is $32.08 and its two-hundred day moving average price is $33.09. Gentherm has a 1 year low of $27.00 and a 1 year high of $39.48. The firm has a market capitalization of $1.10 billion, a P/E ratio of 47.75 and a beta of 1.38.

Gentherm (NASDAQ:THRMGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.31. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The firm had revenue of $393.71 million for the quarter, compared to analyst estimates of $363.82 million. During the same period in the prior year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, research analysts anticipate that Gentherm will post 2.74 EPS for the current year.

Gentherm Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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