Gentherm Inc. (THRM) Upgraded by FBR & Co to “Outperform”
Gentherm Inc. (NASDAQ:THRM) was upgraded by equities research analysts at FBR & Co from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, The Fly reports.
Several other equities research analysts have also issued reports on THRM. Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. KeyCorp reissued an “equal weight” rating on shares of Gentherm in a research report on Friday, September 9th. Roth Capital lowered Gentherm from a “buy” rating to a “neutral” rating and upped their price target for the company from $33.00 to $53.00 in a research report on Friday, July 29th. JPMorgan Chase & Co. dropped their price target on Gentherm from $48.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, July 29th. Finally, Argus lowered Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $45.00.
Shares of Gentherm (NASDAQ:THRM) opened at 30.40 on Thursday. The firm’s 50 day moving average is $31.53 and its 200 day moving average is $35.40. Gentherm has a 12 month low of $29.78 and a 12 month high of $51.71. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.83 and a beta of 1.89.
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Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.07. The firm had revenue of $232.72 million for the quarter, compared to analyst estimates of $240.54 million. Gentherm had a net margin of 9.77% and a return on equity of 20.22%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. On average, equities analysts predict that Gentherm will post $2.06 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of THRM. BlackRock Inc. raised its stake in shares of Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock valued at $103,000 after buying an additional 1,140 shares in the last quarter. Springbok Capital Management LLC raised its stake in shares of Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock valued at $108,000 after buying an additional 100 shares in the last quarter. PineBridge Investments L.P. raised its stake in shares of Gentherm by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,621 shares of the company’s stock valued at $158,000 after buying an additional 183 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Gentherm during the first quarter valued at $213,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Gentherm by 21.3% in the second quarter. Teacher Retirement System of Texas now owns 5,115 shares of the company’s stock valued at $175,000 after buying an additional 898 shares in the last quarter. 96.36% of the stock is currently owned by hedge funds and other institutional investors.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
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