Argus Increases Gentherm Price Target to $54.00 (THRM)
Analysts at Argus lifted their target price on shares of Gentherm (NASDAQ:THRM) from $46.00 to $54.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Argus’ target price would suggest a potential upside of 18.01% from the company’s current price.
In other Gentherm news, VP Kenneth John Phillips sold 13,264 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $46.19, for a total transaction of $612,664.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on THRM. Analysts at Singular Research raised their price target on shares of Gentherm from $50.00 to $52.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Gentherm from $57.00 to $58.00 in a research note on Tuesday, August 5th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Gentherm in a research note on Wednesday, July 23rd. They set an “overweight” rating and a $57.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $48.17.
Gentherm (NASDAQ:THRM) traded up 1.47% on Tuesday, hitting $46.596. 226,568 shares of the company’s stock traded hands. Gentherm has a 1-year low of $16.52 and a 1-year high of $49.23. The stock’s 50-day moving average is $45.68 and its 200-day moving average is $37.80. The company has a market cap of $1.653 billion and a price-to-earnings ratio of 30.63.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. The company had revenue of $206.20 million for the quarter, compared to the consensus estimate of $190.52 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. Analysts expect that Gentherm will post $1.78 EPS for the current fiscal year.
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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