Analysts Set Gentherm Inc (NASDAQ:THRM) Price Target at $43.00

by · The Markets Daily

Shares of Gentherm Inc (NASDAQ:THRM – Get Free Report) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $43.00.

A number of analysts have recently issued reports on the company. Roth Capital reiterated a “buy” rating and set a $44.00 target price on shares of Gentherm in a report on Friday, October 24th. JPMorgan Chase & Co. lifted their target price on Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Robert W. Baird set a $42.00 price target on shares of Gentherm in a report on Friday, October 24th. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Gentherm in a research report on Monday.

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Gentherm Stock Down 3.0%

Shares of NASDAQ:THRM opened at $36.37 on Thursday. The stock’s 50-day moving average price is $36.49 and its two-hundred day moving average price is $34.38. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 0.26. Gentherm has a 12-month low of $22.75 and a 12-month high of $41.09. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 36.37 and a beta of 1.38.

Gentherm (NASDAQ:THRM – Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The auto parts company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.64 by $0.09. Gentherm had a net margin of 2.08% and a return on equity of 9.55%. The firm had revenue of $386.87 million during the quarter, compared to analyst estimates of $374.75 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. Gentherm’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, research analysts forecast that Gentherm will post 3.1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Gentherm in the first quarter worth $2,324,000. American Century Companies Inc. increased its holdings in shares of Gentherm by 17.9% in the first quarter. American Century Companies Inc. now owns 322,423 shares of the auto parts company’s stock valued at $8,622,000 after buying an additional 48,998 shares in the last quarter. AlphaQuest LLC raised its position in shares of Gentherm by 41.0% during the first quarter. AlphaQuest LLC now owns 18,063 shares of the auto parts company’s stock worth $483,000 after purchasing an additional 5,253 shares during the period. Jump Financial LLC lifted its stake in Gentherm by 61.0% during the first quarter. Jump Financial LLC now owns 8,213 shares of the auto parts company’s stock valued at $220,000 after buying an additional 3,113 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Gentherm in the 1st quarter valued at approximately $1,065,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Company Profile

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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.

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