Gentherm Inc (NASDAQ:THRM) Receives Consensus Rating of “Hold” from Analysts

Gentherm Inc (NASDAQ:THRM) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $37.40.

Several analysts have recently weighed in on THRM shares. Stifel Nicolaus boosted their target price on Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, April 24th. Loop Capital set a $38.00 target price on Gentherm in a report on Wednesday, February 25th. Argus raised Gentherm to a “hold” rating in a report on Friday, February 27th. Roth Mkm reduced their target price on Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Finally, Weiss Ratings raised Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th.

Gentherm Stock Up 2.9%

Gentherm stock opened at $32.74 on Friday. Gentherm has a fifty-two week low of $25.76 and a fifty-two week high of $39.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. The company has a market capitalization of $1.00 billion, a P/E ratio of 43.65 and a beta of 1.35. The stock has a 50-day simple moving average of $29.31 and a 200-day simple moving average of $33.11.

Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.31. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.The business had revenue of $393.71 million during the quarter, compared to the consensus estimate of $363.82 million. During the same period in the previous year, the business earned $0.51 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts expect that Gentherm will post 2.74 earnings per share for the current year.

Hedge Funds Weigh In On Gentherm

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Gentherm by 7.6% in 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 acquiring an additional 21,677 shares during the period. Empowered Funds LLC acquired a new position in Gentherm in the 1st quarter valued at about $1,008,000. Quantinno Capital Management LP increased its position in Gentherm by 7.5% in the 1st quarter. Quantinno Capital Management LP now owns 19,900 shares of the auto parts company’s stock valued at $553,000 after acquiring an additional 1,386 shares during the period. Lazard Asset Management LLC increased its position in Gentherm by 47.5% in the 1st quarter. Lazard Asset Management LLC now owns 241,516 shares of the auto parts company’s stock valued at $6,709,000 after acquiring an additional 77,736 shares during the period. Finally, Renaissance Technologies LLC increased its position in Gentherm by 24.5% in the 1st quarter. Renaissance Technologies LLC now owns 271,464 shares of the auto parts company’s stock valued at $7,541,000 after acquiring an additional 53,400 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

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.