Gentherm (NASDAQ:THRM) Stock Rating Upgraded by Zacks Research

Gentherm (NASDAQ:THRM) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on THRM. JPMorgan Chase & Co. boosted their target price on shares of Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings raised Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Freedom Capital cut shares of Gentherm from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Finally, Robert W. Baird lifted their price target on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.60.

Gentherm Stock Performance

Shares of THRM opened at $42.08 on Monday. Gentherm has a 1 year low of $27.00 and a 1 year high of $48.35. The stock has a market capitalization of $1.29 billion, a PE ratio of 48.37 and a beta of 1.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 2.06. The stock has a 50-day simple moving average of $35.92 and a 200-day simple moving average of $32.97.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.19. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The firm had revenue of $404.94 million for the quarter, compared to analysts’ expectations of $382.90 million. During the same quarter last year, the company earned $0.54 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, analysts predict that Gentherm will post 2.84 earnings per share for the current fiscal year.

Gentherm announced that its Board of Directors has authorized a share buyback plan on Thursday, July 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the auto parts company to buy up to 36.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Gentherm

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised its position in Gentherm by 160.3% in the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 500 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Gentherm during the 4th quarter worth $35,000. Eagle Bay Advisors LLC acquired a new position in Gentherm in the fourth quarter valued at $50,000. Palladiem LLC acquired a new position in Gentherm in the fourth quarter valued at $52,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Gentherm by 21.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock valued at $73,000 after buying an additional 353 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other 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.