Gentherm Sets New 1-Year High at $50.62 (THRM)
Shares of Gentherm (NASDAQ:THRM) reached a new 52-week high on Tuesday , American Banking and Market News reports. The stock traded as high as $50.62 and last traded at $49.98, with a volume of 582,325 shares trading hands. The stock had previously closed at $48.85.
A number of analysts have recently weighed in on THRM shares. Analysts at Argus raised their price target on shares of Gentherm from $46.00 to $54.00 in a research note on Tuesday, August 19th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.17.
The stock has a 50-day moving average of $46.12 and a 200-day moving average of $39.1. The company has a market cap of $1.786 billion and a price-to-earnings ratio of 32.59.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.46 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.15 earnings per share. Gentherm’s revenue was up 28.5% compared to the same quarter last year. On average, analysts predict that Gentherm will post $1.79 earnings per share for the current fiscal year.
In other Gentherm news, CFO Barry G. Steele unloaded 10,000 shares of Gentherm stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $48.50, for a total transaction of $485,000.00. The transaction was disclosed in a document filed with the SEC, 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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