Analysts Set Gentherm Inc. (NASDAQ:THRM) Target Price at $48.50
Gentherm Inc. (NASDAQ:THRM) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the firm. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $48.50.
Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Gentherm from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Argus reaffirmed a “buy” rating and issued a $44.00 target price on shares of Gentherm in a report on Tuesday, June 14th. JPMorgan Chase & Co. dropped their target price on shares of Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, July 29th. KeyCorp reaffirmed an “equal weight” rating on shares of Gentherm in a report on Friday, September 9th. Finally, FBR & Co reaffirmed a “hold” rating on shares of Gentherm in a report on Friday, September 9th.
Several hedge funds and other institutional investors have recently modified their holdings of THRM. BlackRock Inc. boosted its position in shares of Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock worth $103,000 after buying an additional 1,140 shares during the period. Springbok Capital Management LLC boosted its position in shares of Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock worth $108,000 after buying an additional 100 shares during the period. PineBridge Investments L.P. boosted its position in shares of Gentherm by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,621 shares of the company’s stock worth $158,000 after buying an additional 183 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Gentherm by 21.3% in the second quarter. Teacher Retirement System of Texas now owns 5,115 shares of the company’s stock worth $175,000 after buying an additional 898 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Gentherm during the first quarter worth $213,000. 96.36% of the stock is owned by institutional investors and hedge funds.
Gentherm (NASDAQ:THRM) opened at 30.64 on Thursday. The firm has a market capitalization of $1.12 billion, a PE ratio of 12.93 and a beta of 1.89. Gentherm has a one year low of $29.78 and a one year high of $51.71. The stock’s 50 day moving average price is $31.63 and its 200 day moving average price is $35.61.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.07. The firm had revenue of $232.72 million for the quarter, compared to analysts’ expectations of $240.54 million. Gentherm had a return on equity of 20.22% and a net margin of 9.77%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. Analysts expect that Gentherm will post $2.06 EPS for the current year.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
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