Gentherm (NASDAQ:THRM) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday, BidAskClub reports.

THRM has been the subject of several other research reports. Longbow Research set a $32.00 target price on shares of Gentherm and gave the stock a “sell” rating in a report on Friday, February 22nd. ValuEngine cut shares of Gentherm from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. Barrington Research restated a “buy” rating and set a $50.00 target price on shares of Gentherm in a report on Tuesday, February 19th. Finally, TheStreet upgraded shares of Gentherm from a “c” rating to a “b-” rating in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $45.22.

Shares of THRM opened at $38.31 on Tuesday. Gentherm has a 12 month low of $34.30 and a 12 month high of $50.30. The firm has a market cap of $1.30 billion, a P/E ratio of 18.07 and a beta of 1.32. The company has a quick ratio of 1.74, a current ratio of 2.42 and a debt-to-equity ratio of 0.20.

Gentherm (NASDAQ:THRM) last announced its earnings results on Tuesday, April 30th. The auto parts company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.12. Gentherm had a net margin of 3.61% and a return on equity of 14.71%. The business had revenue of $257.92 million during the quarter, compared to analysts’ expectations of $250.39 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts predict that Gentherm will post 2.18 EPS for the current year.

In other Gentherm news, VP Kenneth John Phillips sold 11,222 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $41.78, for a total transaction of $468,855.16. Following the sale, the vice president now directly owns 18,455 shares of the company’s stock, valued at $771,049.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. raised its position in shares of Gentherm by 70.1% in the fourth quarter. Advisor Group Inc. now owns 1,354 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 558 shares during the period. AlphaCrest Capital Management LLC bought a new position in shares of Gentherm in the fourth quarter valued at about $300,000. Citigroup Inc. raised its position in shares of Gentherm by 99.3% in the fourth quarter. Citigroup Inc. now owns 14,356 shares of the auto parts company’s stock valued at $574,000 after purchasing an additional 7,152 shares during the period. Bank of America Corp DE raised its position in shares of Gentherm by 15.1% in the fourth quarter. Bank of America Corp DE now owns 311,203 shares of the auto parts company’s stock valued at $12,441,000 after purchasing an additional 40,928 shares during the period. Finally, United Services Automobile Association raised its position in shares of Gentherm by 1.4% in the fourth quarter. United Services Automobile Association now owns 202,355 shares of the auto parts company’s stock valued at $8,090,000 after purchasing an additional 2,706 shares during the period.

Gentherm Company Profile

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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