Zacks Investment Research Upgrades Gentherm Inc. (THRM) to Hold
Gentherm Inc. (NASDAQ:THRM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “
A number of other equities analysts have also recently issued reports on the stock. FBR & Co reissued an “outperform” rating on shares of Gentherm in a research report on Thursday, November 10th. Roth Capital set a $31.00 price target on shares of Gentherm and gave the company a “hold” rating in a research report on Monday, October 24th. TheStreet cut shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. Argus cut shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Gentherm in a research report on Friday, September 9th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Gentherm currently has a consensus rating of “Hold” and an average price target of $40.60.
Shares of Gentherm (NASDAQ:THRM) opened at 31.45 on Tuesday. The company has a market cap of $1.15 billion, a PE ratio of 14.56 and a beta of 1.92. The stock’s 50 day moving average price is $29.52 and its 200-day moving average price is $32.98. Gentherm has a one year low of $26.60 and a one year high of $51.55.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. The company had revenue of $232.60 million for the quarter, compared to analysts’ expectations of $242.41 million. Gentherm had a net margin of 8.84% and a return on equity of 17.29%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. On average, analysts expect that Gentherm will post $2.26 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. State Street Corp boosted 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 in the last quarter. Cortina Asset Management LLC boosted its position in Gentherm by 28.9% in the second quarter. Cortina Asset Management LLC now owns 121,404 shares of the company’s stock valued at $4,158,000 after buying an additional 27,251 shares in the last quarter. BlackRock Inc. boosted its position in Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock valued at $103,000 after buying an additional 1,140 shares in the last quarter. Skylands Capital LLC boosted its position in Gentherm by 33.9% in the second quarter. Skylands Capital LLC now owns 132,000 shares of the company’s stock valued at $4,521,000 after buying an additional 33,450 shares in the last quarter. Finally, PineBridge Investments L.P. boosted its position in Gentherm by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,621 shares of the company’s stock valued at $158,000 after buying an additional 183 shares in the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for Gentherm Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentherm Inc. and related stocks with our FREE daily email newsletter.