JPMorgan Chase & Co. Cuts Gentherm (NASDAQ:THRM) Price Target to $37.00

Gentherm (NASDAQ:THRM) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $42.00 to $37.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 21.71% from the company’s current price.

Several other research analysts also recently issued reports on THRM. Loop Capital set a $38.00 target price on shares of Gentherm in a research note on Wednesday, February 25th. Wall Street Zen downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Stifel Nicolaus decreased their price target on Gentherm from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings cut Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Finally, Argus raised Gentherm to a “hold” rating in a research report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.40.

Gentherm Stock Up 5.7%

Shares of THRM stock traded up $1.65 during trading hours on Thursday, hitting $30.40. 369,366 shares of the company’s stock traded hands, compared to its average volume of 255,941. 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 stock’s fifty day simple moving average is $29.69 and its two-hundred day simple moving average is $33.77. Gentherm has a 12-month low of $24.05 and a 12-month high of $39.48. The stock has a market cap of $931.76 million, a price-to-earnings ratio of 50.02 and a beta of 1.34.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.33. Gentherm had a return on equity of 10.07% and a net margin of 1.22%.The company had revenue of $393.71 million during the quarter, compared to analyst estimates of $363.82 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts expect that Gentherm will post 2.56 EPS for the current year.

Institutional Investors Weigh In On Gentherm

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in 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 buying an additional 500 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Gentherm during the 4th quarter valued at approximately $35,000. Eagle Bay Advisors LLC bought a new stake in shares of Gentherm during the fourth quarter valued at approximately $50,000. Palladiem LLC purchased a new position in Gentherm during the fourth quarter valued at $52,000. Finally, Nisa Investment Advisors LLC grew its stake in Gentherm by 20.3% during the third quarter. Nisa Investment Advisors LLC now owns 1,641 shares of the auto parts company’s stock valued at $56,000 after acquiring an additional 277 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

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.