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Stock analysts at Singular Research initiated coverage on shares of Gentherm (NASDAQ:THRM) in a report issued on Monday, Analyst Ratings Network reports. The firm set a “buy” rating and a $50.00 price target on the stock. Singular Research’s target price suggests a potential upside of 26.61% from the company’s current price.

A number of other analysts have also recently weighed in on THRM. Analysts at Argus raised their price target on shares of Gentherm from $37.00 to $46.00 in a research note on Monday, May 5th. They now have a “buy” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Gentherm in a research note on Friday, May 2nd. They set a “market perform” rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Gentherm currently has an average rating of “Buy” and a consensus price target of $41.88.

Shares of Gentherm (NASDAQ:THRM) traded up 3.35% during mid-day trading on Monday, hitting $39.49. 754,843 shares of the company’s stock traded hands. Gentherm has a 1-year low of $16.52 and a 1-year high of $41.30. The stock’s 50-day moving average is $35.86 and its 200-day moving average is $28.42. The company has a market cap of $1.392 billion and a P/E ratio of 32.55.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.18. The company had revenue of $193.94 million for the quarter, compared to the consensus estimate of $173.20 million. During the same quarter last year, the company posted $0.22 earnings per share. Gentherm’s revenue was up 30.9% compared to the same quarter last year. On average, analysts predict that Gentherm will post $1.68 earnings per share for the current fiscal year.

In other Gentherm news, CEO Daniel Coker unloaded 40,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $39.08, for a total transaction of $1,563,200.00. Following the transaction, the chief executive officer now directly owns 75,634 shares of the company’s stock, valued at approximately $2,955,777. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Gentherm Inc, formerly Amerigon Incorporated, doing business as Gentherm, is a global developer and marketer of thermal management technologies for a range of heating and cooling and temperature control applications.

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