FBR & Co upgraded shares of Gentherm Inc. (NASDAQ:THRM) from a market perform rating to an outperform rating in a research report released on Thursday. They currently have $42.00 price objective on the stock.

A number of other equities research analysts have also recently commented on the company. Barrington Research cut Gentherm from an outperform rating to a market perform rating in a research note on Thursday, July 28th. Zacks Investment Research cut Gentherm from a hold rating to a strong sell rating in a research note on Wednesday, August 3rd. Buckingham Research cut Gentherm from a buy rating to a neutral rating in a research note on Friday, July 29th. Argus cut Gentherm from a buy rating to a hold rating in a research note on Friday, September 23rd. Finally, JPMorgan Chase & Co. cut their target price on Gentherm from $48.00 to $44.00 and set an overweight rating on the stock in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $45.00.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

Shares of Gentherm (NASDAQ:THRM) traded down 0.33% during midday trading on Thursday, reaching $30.02. The company had a trading volume of 162,934 shares. Gentherm has a 12-month low of $29.78 and a 12-month high of $51.71. The company has a 50 day moving average of $31.43 and a 200 day moving average of $35.37. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 12.67 and a beta of 1.89.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.07. The firm earned $232.72 million during 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%. Gentherm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. Analysts anticipate that Gentherm will post $2.06 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Alpha Capital Management Ltd. increased its position in Gentherm by 8.1% in the first quarter. Global Alpha Capital Management Ltd. now owns 97,100 shares of the company’s stock valued at $4,038,000 after buying an additional 7,300 shares during the period. UBS Asset Management Americas Inc. increased its position in Gentherm by 4.8% in the first quarter. UBS Asset Management Americas Inc. now owns 45,316 shares of the company’s stock valued at $1,884,000 after buying an additional 2,079 shares during the period. UBS Group AG increased its position in Gentherm by 3.5% in the first quarter. UBS Group AG now owns 119,981 shares of the company’s stock valued at $4,990,000 after buying an additional 4,019 shares during the period. Lazard Asset Management LLC increased its position in Gentherm by 27.2% in the first quarter. Lazard Asset Management LLC now owns 446,647 shares of the company’s stock valued at $18,576,000 after buying an additional 95,379 shares during the period. Finally, State Street Corp increased its position in Gentherm by 3.3% in the first quarter. State Street Corp now owns 686,880 shares of the company’s stock valued at $28,568,000 after buying an additional 21,956 shares during the period. 96.36% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:THRM

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