Barrington Research Initiates Coverage on Gentherm (THRM)
Analysts at Barrington Research initiated coverage on shares of Gentherm (NASDAQ:THRM) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Gentherm (NASDAQ:THRM) opened at 42.57 on Wednesday. Gentherm has a one year low of $16.52 and a one year high of $44.49. The stock’s 50-day moving average is $41.16 and its 200-day moving average is $32.44. The company has a market cap of $1.502 billion and a P/E ratio of 36.52.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 30.9% on a year-over-year basis. On average, analysts predict that Gentherm will post $1.58 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Singular Research initiated coverage on shares of Gentherm in a research note on Monday, May 12th. They set a “buy” rating and a $50.00 price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Gentherm presently has an average rating of “Buy” and a consensus price target of $41.88.
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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