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

Shares of Gentherm Inc (NASDAQ:THRM) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $39.40.

A number of brokerages recently issued reports on THRM. Roth Mkm dropped their price objective on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Weiss Ratings lowered shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Stifel Nicolaus started coverage on shares of Gentherm in a research note on Monday, February 23rd. They set a “buy” rating and a $41.00 price target for the company. Robert W. Baird lowered their target price on Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Finally, Wall Street Zen downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st.

Institutional Trading of Gentherm

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in shares of Gentherm by 160.3% in the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 500 shares during the period. Los Angeles Capital Management LLC acquired a new position in Gentherm in the fourth quarter valued at $35,000. Eagle Bay Advisors LLC bought a new stake in Gentherm during the fourth quarter valued at $50,000. Palladiem LLC bought a new stake in Gentherm during the fourth quarter valued at $52,000. Finally, Nisa Investment Advisors LLC grew its holdings in Gentherm by 20.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,641 shares of the auto parts company’s stock worth $56,000 after acquiring an additional 277 shares during the period. 97.13% of the stock is currently owned by institutional investors.

Gentherm Stock Performance

NASDAQ THRM opened at $27.76 on Friday. The company has a market cap of $847.40 million, a price-to-earnings ratio of 45.51 and a beta of 1.34. Gentherm has a twelve month low of $22.75 and a twelve month high of $39.48. The company has a quick ratio of 1.30, a current ratio of 1.92 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average is $30.85 and its 200 day moving average is $34.33.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). Gentherm had a return on equity of 10.07% and a net margin of 1.22%.The firm had revenue of $382.79 million during the quarter, compared to analyst estimates of $371.91 million. During the same period in the previous year, the company earned $0.29 EPS. Gentherm’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, sell-side analysts expect that Gentherm will post 3.1 EPS for the current fiscal 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.