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

Shares of Gentherm Inc (NASDAQ:THRM) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $40.40.

THRM has been the topic of several analyst reports. Loop Capital set a $38.00 price objective on shares of Gentherm in a research note on Wednesday, February 25th. Robert W. Baird cut their target price on Gentherm from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Argus upgraded Gentherm to a “hold” rating in a research report on Friday, February 27th. Stifel Nicolaus assumed coverage on Gentherm in a research note on Monday, February 23rd. They issued a “buy” rating and a $41.00 price target for the company. Finally, Weiss Ratings downgraded Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Gentherm by 1,609.1% in the 2nd quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 885 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Gentherm by 160.3% during the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after buying an additional 500 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Gentherm in the fourth quarter valued at $35,000. Eagle Bay Advisors LLC acquired a new position in Gentherm in the fourth quarter valued at $50,000. Finally, Palladiem LLC bought a new stake in Gentherm during the fourth quarter valued at $52,000. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

NASDAQ:THRM opened at $29.06 on Tuesday. The stock’s 50-day moving average is $34.39 and its 200-day moving average is $35.38. Gentherm has a 1-year low of $22.75 and a 1-year high of $39.48. The company has a current ratio of 1.92, a quick ratio of 1.30 and a debt-to-equity ratio of 0.26. The stock has a market cap of $887.20 million, a P/E ratio of 47.64 and a beta of 1.31.

Gentherm (NASDAQ:THRM) last posted its 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). Gentherm had a return on equity of 10.07% and a net margin of 1.22%.The business had revenue of $382.79 million for the quarter, compared to analyst estimates of $371.91 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts anticipate that Gentherm will post 3.1 earnings per share for the current 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.