Gentherm Inc (NASDAQ:THRM) Given Consensus Recommendation of “Hold” by Brokerages

Gentherm Inc (NASDAQ:THRM) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $37.40.

Several equities analysts recently commented on the stock. Weiss Ratings upgraded shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Loop Capital set a $38.00 price target on shares of Gentherm in a research note on Wednesday, February 25th. Stifel Nicolaus upped their price target on shares of Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, April 24th. 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 research note on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th.

Institutional Investors Weigh In On Gentherm

Several institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC bought a new stake in Gentherm during the first quarter worth about $1,008,000. Bank of America Corp DE lifted its position in Gentherm by 7.6% during the first quarter. Bank of America Corp DE now owns 307,770 shares of the auto parts company’s stock worth $8,550,000 after purchasing an additional 21,677 shares during the period. Quantinno Capital Management LP lifted its position in Gentherm by 7.5% during the first quarter. Quantinno Capital Management LP now owns 19,900 shares of the auto parts company’s stock worth $553,000 after purchasing an additional 1,386 shares during the period. Lazard Asset Management LLC lifted its position in Gentherm by 47.5% during the first quarter. Lazard Asset Management LLC now owns 241,516 shares of the auto parts company’s stock worth $6,709,000 after purchasing an additional 77,736 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Gentherm by 24.5% during the first quarter. Renaissance Technologies LLC now owns 271,464 shares of the auto parts company’s stock worth $7,541,000 after purchasing an additional 53,400 shares during the period. Institutional investors own 97.13% of the company’s stock.

Gentherm Trading Up 0.8%

THRM stock opened at $35.81 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. The company’s 50-day simple moving average is $32.08 and its 200 day simple moving average is $33.09. Gentherm has a 52 week low of $27.00 and a 52 week high of $39.48. The company has a market capitalization of $1.10 billion, a PE ratio of 47.75 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.53 by $0.31. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The business had revenue of $393.71 million for the quarter, compared to the consensus estimate of $363.82 million. During the same period in the prior year, the company posted $0.51 earnings per share. Gentherm’s revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gentherm will post 2.74 earnings per share for the current 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.