Gentherm (NASDAQ:THRM) had its target price reduced by analysts at Argus to $40.00 in a research report issued on Friday. The firm currently has a “buy” rating on the auto parts company’s stock. Argus’ price target indicates a potential upside of 22.14% from the company’s current price.

THRM has been the topic of several other research reports. FBR & Co reiterated a “buy” rating and issued a $45.00 price target on shares of Gentherm in a research note on Thursday, October 26th. Zacks Investment Research downgraded Gentherm from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. ValuEngine downgraded Gentherm from a “buy” rating to a “hold” rating in a report on Friday, September 1st. B. Riley reissued a “buy” rating on shares of Gentherm in a report on Thursday, November 2nd. Finally, BidaskClub downgraded Gentherm from a “hold” rating to a “sell” rating in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Gentherm (NASDAQ THRM) opened at $32.75 on Friday. Gentherm has a 52 week low of $29.50 and a 52 week high of $40.80. The company has a quick ratio of 2.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1,170.11, a price-to-earnings ratio of 17.92, a PEG ratio of 0.99 and a beta of 1.94.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The business had revenue of $235.85 million during the quarter, compared to the consensus estimate of $235.94 million. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. sell-side analysts expect that Gentherm will post 1.62 earnings per share for the current year.

In other Gentherm news, Director Maurice Ep Gunderson sold 10,000 shares of Gentherm stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $33.44, for a total transaction of $334,400.00. Following the transaction, the director now directly owns 26,557 shares of the company’s stock, valued at approximately $888,066.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Erin Erwine Ascher sold 2,000 shares of Gentherm stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total value of $70,280.00. Following the transaction, the vice president now directly owns 29,161 shares in the company, valued at $1,024,717.54. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Riverhead Capital Management LLC lifted its holdings in Gentherm by 70.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after buying an additional 1,130 shares during the period. Victory Capital Management Inc. lifted its holdings in Gentherm by 12.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock worth $174,000 after buying an additional 504 shares during the period. Tiedemann Wealth Management LLC lifted its holdings in Gentherm by 16.2% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 31,328 shares of the auto parts company’s stock worth $192,000 after buying an additional 4,378 shares during the period. CWA Asset Management Group LLC lifted its holdings in Gentherm by 0.7% during the 2nd quarter. CWA Asset Management Group LLC now owns 5,792 shares of the auto parts company’s stock worth $225,000 after buying an additional 42 shares during the period. Finally, Zeke Capital Advisors LLC acquired a new position in Gentherm during the 3rd quarter worth about $228,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

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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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