Gentherm Inc (NASDAQ:THRM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Gentherm Inc (NASDAQ:THRM) have been assigned an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $37.40.

A number of brokerages have recently commented on THRM. Stifel Nicolaus upped their price target on Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Roth Capital reduced their price target on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Robert W. Baird upped their price objective on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Gentherm by 5.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company’s stock worth $2,904,000 after buying an additional 5,824 shares during the last quarter. Millennium Management LLC boosted its position in Gentherm by 93.4% during the first quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock valued at $4,161,000 after purchasing an additional 75,170 shares during the last quarter. Jane Street Group LLC grew its stake in Gentherm by 389.2% in the first quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock valued at $2,257,000 after purchasing an additional 67,150 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Gentherm by 1.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 108,251 shares of the auto parts company’s stock worth $3,062,000 after purchasing an additional 1,850 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Gentherm during the 2nd quarter worth approximately $526,000. Institutional investors own 97.13% of the company’s stock.

Gentherm Price Performance

Shares of Gentherm stock opened at $35.94 on Monday. The business has a fifty day simple moving average of $34.58 and a 200 day simple moving average of $32.84. The stock has a market cap of $1.10 billion, a PE ratio of 47.92 and a beta of 1.38. The company has a quick ratio of 1.36, a current ratio of 1.97 and a debt-to-equity ratio of 0.31. Gentherm has a 12 month low of $27.00 and a 12 month high of $39.48.

Gentherm (NASDAQ:THRM) last released 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 firm had revenue of $393.71 million for the quarter, compared to analyst estimates of $363.81 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Research analysts predict that Gentherm will post 2.76 EPS for the current 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.