Gentherm Inc (NASDAQ:THRM)‘s stock had its “buy” rating reissued by equities researchers at FBR & Co in a note issued to investors on Wednesday.

Several other research firms have also weighed in on THRM. BMO Capital Markets lifted their price target on Gentherm from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. BidaskClub lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research cut Gentherm from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Craig Hallum cut Gentherm from a “buy” rating to a “hold” rating and lowered their price objective for the company from $44.00 to $38.00 in a research note on Friday, July 28th. Finally, Barrington Research lowered their price objective on Gentherm from $47.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $40.75.

Shares of Gentherm (NASDAQ THRM) opened at 37.20 on Wednesday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 17.07 and a beta of 1.97. The company has a 50-day moving average price of $33.08 and a 200-day moving average price of $35.98. Gentherm has a 52-week low of $26.60 and a 52-week high of $40.80.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.38). Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The firm had revenue of $243.40 million for the quarter, compared to the consensus estimate of $244.48 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that Gentherm will post $2.07 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in THRM. State Board of Administration of Florida Retirement System raised its stake in Gentherm by 21.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 29,090 shares of the auto parts company’s stock valued at $1,142,000 after buying an additional 5,066 shares during the last quarter. First Trust Advisors LP raised its stake in Gentherm by 12.1% during the first quarter. First Trust Advisors LP now owns 60,668 shares of the auto parts company’s stock valued at $2,381,000 after buying an additional 6,560 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Gentherm by 10.7% during the first quarter. BNP Paribas Arbitrage SA now owns 7,465 shares of the auto parts company’s stock valued at $293,000 after buying an additional 719 shares during the last quarter. Comerica Bank raised its stake in Gentherm by 30.4% during the first quarter. Comerica Bank now owns 50,726 shares of the auto parts company’s stock valued at $1,950,000 after buying an additional 11,823 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Gentherm by 44.6% during the first quarter. UBS Asset Management Americas Inc. now owns 16,551 shares of the auto parts company’s stock valued at $650,000 after buying an additional 5,108 shares during the last quarter. Institutional investors and hedge funds own 96.75% of the company’s stock.

About Gentherm

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.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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