Gentherm Inc (NASDAQ:THRM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Gentherm Inc (NASDAQ:THRM) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $43.00.

A number of research firms have weighed in on THRM. JPMorgan Chase & Co. boosted their price objective on shares of Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Weiss Ratings downgraded shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Roth Capital reiterated a “buy” rating and set a $44.00 price target on shares of Gentherm in a report on Friday, October 24th. Robert W. Baird set a $42.00 price objective on shares of Gentherm in a research note on Friday, October 24th. Finally, Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th.

Gentherm Trading Down 3.1%

Shares of NASDAQ THRM opened at $36.87 on Monday. Gentherm has a 1-year low of $22.75 and a 1-year high of $41.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.33. The business’s 50 day moving average is $36.73 and its two-hundred day moving average is $35.24. The stock has a market capitalization of $1.13 billion, a P/E ratio of 36.87 and a beta of 1.35.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, October 23rd. The auto parts company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. Gentherm had a return on equity of 9.55% and a net margin of 2.08%.The firm had revenue of $386.87 million during the quarter, compared to analysts’ expectations of $374.75 million. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, research analysts expect that Gentherm will post 3.1 EPS for the current year.

Hedge Funds Weigh In On Gentherm

A number of hedge funds have recently added to or reduced their stakes in THRM. Nisa Investment Advisors LLC raised its stake in shares of 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. GAMMA Investing LLC raised its position in Gentherm by 8.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,710 shares of the auto parts company’s stock valued at $126,000 after purchasing an additional 304 shares in the last quarter. Amalgamated Bank raised its position in Gentherm by 3.4% during the 3rd quarter. Amalgamated Bank now owns 9,165 shares of the auto parts company’s stock valued at $312,000 after purchasing an additional 304 shares in the last quarter. Caxton Associates LLP lifted its holdings in shares of Gentherm by 4.7% in the 3rd quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company’s stock worth $282,000 after buying an additional 372 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its position in shares of Gentherm by 1.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 41,018 shares of the auto parts company’s stock worth $1,492,000 after buying an additional 509 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

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.