Gentherm Inc (NASDAQ:THRM) Receives $43.00 Consensus PT from Analysts

Gentherm Inc (NASDAQ:THRM) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $43.00.

THRM has been the subject of several analyst reports. Weiss Ratings raised Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 22nd. JPMorgan Chase & Co. upped their price target on Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Robert W. Baird set a $42.00 price target on Gentherm in a research report on Friday, October 24th. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Finally, Roth Capital reiterated a “buy” rating and issued a $44.00 target price on shares of Gentherm in a research note on Friday, October 24th.

Institutional Investors Weigh In On Gentherm

Several institutional investors and hedge funds have recently added to or reduced their stakes in THRM. Jacobs Levy Equity Management Inc. bought a new position in shares of Gentherm during the 3rd quarter worth approximately $1,227,000. Morningstar Investment Management LLC bought a new position in shares of Gentherm in the third quarter valued at approximately $309,000. Caxton Associates LLP increased its position in shares of Gentherm by 4.7% during the third quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company’s stock valued at $282,000 after acquiring an additional 372 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Gentherm during the third quarter worth $2,507,000. Finally, Mariner LLC lifted its holdings in Gentherm by 7.9% during the third quarter. Mariner LLC now owns 14,832 shares of the auto parts company’s stock worth $505,000 after acquiring an additional 1,087 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Stock Up 0.5%

Gentherm stock opened at $37.35 on Thursday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 37.35 and a beta of 1.38. The firm’s fifty day moving average price is $36.41 and its two-hundred day moving average price is $34.30. Gentherm has a 1-year low of $22.75 and a 1-year high of $41.09. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 0.26.

Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. Gentherm had a net margin of 2.08% and a return on equity of 9.55%. The company had revenue of $386.87 million for the quarter, compared to analyst estimates of $374.75 million. During the same quarter in the prior year, the business posted $0.75 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts predict that Gentherm will post 3.1 earnings per share for the current fiscal year.

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.