Brokerages Set Gentherm Inc (NASDAQ:THRM) PT at $37.40

Gentherm Inc (NASDAQ:THRM) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $37.40.

Several research firms have recently weighed in on THRM. JPMorgan Chase & Co. upped their price target on shares of Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Loop Capital set a $38.00 target price on shares of Gentherm in a report on Wednesday, February 25th. Roth Mkm reduced their target price 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 upgraded shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Finally, Robert W. Baird increased their target price on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, April 24th.

Institutional Trading of Gentherm

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC bought a new position in shares of Gentherm in the third quarter valued at about $929,000. Segall Bryant & Hamill LLC increased its position in Gentherm by 46.7% during the third quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock worth $33,962,000 after acquiring an additional 317,246 shares during the period. Harvey Partners LLC increased its position in Gentherm by 72.6% during the third quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock worth $34,894,000 after acquiring an additional 431,072 shares during the period. American Century Companies Inc. increased its position in Gentherm by 36.1% during the third quarter. American Century Companies Inc. now owns 513,791 shares of the auto parts company’s stock worth $17,500,000 after acquiring an additional 136,401 shares during the period. Finally, Royce & Associates LP bought a new position in Gentherm during the fourth quarter worth about $12,080,000. 97.13% of the stock is owned by institutional investors.

Gentherm Stock Up 0.5%

Gentherm stock opened at $34.87 on Friday. The stock has a market capitalization of $1.07 billion, a PE ratio of 46.49 and a beta of 1.35. Gentherm has a twelve month low of $25.76 and a twelve month high of $39.48. The company has a quick ratio of 1.36, a current ratio of 1.97 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $29.79 and a 200-day moving average of $33.01.

Gentherm (NASDAQ:THRM) last released its quarterly 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. The company had revenue of $393.71 million during the quarter, compared to analysts’ expectations of $363.82 million. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, equities research analysts anticipate that Gentherm will post 2.74 EPS for the current fiscal 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.