Gentherm Inc (NASDAQ:THRM)‘s stock had its “buy” rating reissued by research analysts at FBR & Co in a report released on Thursday, October 26th. They currently have a $45.00 target price on the auto parts company’s stock. FBR & Co’s price target would suggest a potential upside of 31.31% from the stock’s current price.
A number of other equities analysts have also recently issued reports on THRM. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. BMO Capital Markets raised their target price on Gentherm from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Roth Capital set a $33.00 target price on Gentherm and gave the stock a “hold” rating in a report on Friday, July 28th. Craig Hallum cut Gentherm from a “buy” rating to a “hold” rating and reduced their target price for the stock from $44.00 to $38.00 in a report on Friday, July 28th. Finally, BidaskClub upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $40.75.
Gentherm (NASDAQ:THRM) opened at $34.27 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.23 and a quick ratio of 2.47. Gentherm has a 12 month low of $29.35 and a 12 month high of $40.80. The company has a market capitalization of $1,257.22, a price-to-earnings ratio of 19.26, a P/E/G ratio of 1.05 and a beta of 1.94.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.33). The company had revenue of $235.85 million for the quarter, compared to analyst estimates of $235.94 million. Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. research analysts predict that Gentherm will post 1.63 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Gentherm by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,227,072 shares of the auto parts company’s stock worth $125,210,000 after acquiring an additional 14,890 shares during the period. Virginia Retirement Systems ET AL boosted its stake in Gentherm by 5.2% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 52,800 shares of the auto parts company’s stock valued at $2,049,000 after purchasing an additional 2,600 shares during the period. Legato Capital Management LLC bought a new stake in Gentherm in the 2nd quarter valued at $1,416,000. Pinebridge Investments L.P. boosted its stake in Gentherm by 893.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 47,377 shares of the auto parts company’s stock valued at $1,838,000 after purchasing an additional 42,606 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Gentherm by 4.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 145,120 shares of the auto parts company’s stock valued at $5,631,000 after purchasing an additional 6,482 shares during the period. Institutional investors own 95.47% of the company’s stock.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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