Gentherm Inc (NASDAQ:THRM) Receives $39.40 Average Target Price from Analysts

Gentherm Inc (NASDAQ:THRM) has been given an average rating of “Hold” by the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $39.40.

Several research firms have recently issued reports on THRM. Roth Mkm decreased their price objective on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Robert W. Baird decreased their price objective on shares of Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Argus upgraded shares of Gentherm to a “hold” rating in a report on Friday, February 27th. Wall Street Zen cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Loop Capital set a $38.00 price objective on shares of Gentherm in a report on Wednesday, February 25th.

Gentherm Stock Performance

Shares of THRM opened at $29.30 on Friday. The firm has a fifty day moving average of $30.16 and a 200-day moving average of $34.09. Gentherm has a 1 year low of $22.75 and a 1 year high of $39.48. The company has a market cap of $898.05 million, a price-to-earnings ratio of 48.03 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.92.

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

Institutional Trading of Gentherm

Large investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC bought a new stake in Gentherm during the third quarter worth approximately $929,000. SG Americas Securities LLC boosted its holdings in Gentherm by 269.4% during the third quarter. SG Americas Securities LLC now owns 37,353 shares of the auto parts company’s stock worth $1,272,000 after buying an additional 27,241 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Gentherm by 71.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 284,566 shares of the auto parts company’s stock worth $9,692,000 after buying an additional 118,346 shares in the last quarter. Harvey Partners LLC boosted its holdings in 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 buying an additional 431,072 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in Gentherm by 46.7% during the third quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock worth $33,962,000 after buying an additional 317,246 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

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.