Roth Mkm Cuts Gentherm (NASDAQ:THRM) Price Target to $39.00

Gentherm (NASDAQ:THRM) had its price target reduced by analysts at Roth Mkm from $44.00 to $39.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. Roth Mkm’s price target indicates a potential upside of 34.33% from the stock’s previous close.

Several other research firms have also issued reports on THRM. Stifel Nicolaus assumed coverage on shares of Gentherm in a report on Monday, February 23rd. They issued a “buy” rating and a $41.00 target price for the company. Wall Street Zen lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings lowered Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Argus raised Gentherm to a “hold” rating in a research note on Friday, February 27th. Finally, Loop Capital set a $38.00 price target on Gentherm in a research note on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Gentherm presently has an average rating of “Hold” and an average target price of $39.40.

Gentherm Trading Up 5.5%

Shares of NASDAQ:THRM traded up $1.50 during trading on Monday, hitting $29.03. The company had a trading volume of 197,396 shares, compared to its average volume of 268,156. The stock has a market cap of $886.35 million, a price-to-earnings ratio of 47.67 and a beta of 1.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.92 and a quick ratio of 1.30. The company has a fifty day simple moving average of $32.69 and a two-hundred day simple moving average of $34.84. Gentherm has a one year low of $22.75 and a one year high of $39.48.

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

Hedge Funds Weigh In On Gentherm

A number of institutional investors have recently modified their holdings of THRM. Vanguard Group Inc. boosted its holdings in shares of Gentherm by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 3,332,197 shares of the auto parts company’s stock valued at $121,192,000 after purchasing an additional 29,214 shares during the period. Dimensional Fund Advisors LP raised its position in Gentherm by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,378,213 shares of the auto parts company’s stock valued at $50,128,000 after purchasing an additional 16,529 shares in the last quarter. Harvey Partners LLC raised its position in Gentherm by 72.6% during the 3rd quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock valued at $34,894,000 after purchasing an additional 431,072 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Gentherm by 46.7% in the 3rd 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 during the period. Finally, Geode Capital Management LLC grew its position in shares of Gentherm by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 762,709 shares of the auto parts company’s stock worth $21,579,000 after buying an additional 32,140 shares in the last quarter. 97.13% of the stock is 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.