Gentherm Inc (THRM) Receives Buy Rating from FBR & Co
Gentherm Inc (NASDAQ:THRM)‘s stock had its “buy” rating reiterated by research analysts at FBR & Co in a research report issued on Thursday.
THRM has been the subject of several other research reports. Zacks Investment Research downgraded shares of Gentherm from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. ValuEngine downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets lowered their target price on shares of Gentherm from $46.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, August 1st. BidaskClub downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Craig Hallum downgraded shares of Gentherm from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $44.00 to $38.00 in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $40.75.
Gentherm (NASDAQ THRM) traded down 1.33% on Thursday, hitting $33.35. 83,476 shares of the stock traded hands. The firm has a market capitalization of $1.23 billion, a PE ratio of 15.31 and a beta of 1.94. Gentherm has a 52 week low of $26.60 and a 52 week high of $40.80. The stock has a 50 day moving average of $31.77 and a 200 day moving average of $36.09.
Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, July 27th. The auto parts company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.38). The firm had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $244.48 million. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. Equities research analysts anticipate that Gentherm will post $2.01 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. USA Financial Portformulas Corp boosted its position in shares of Gentherm by 34.8% in the second quarter. USA Financial Portformulas Corp now owns 10,166 shares of the auto parts company’s stock valued at $394,000 after acquiring an additional 2,627 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Gentherm in the second quarter valued at approximately $4,367,000. Disciplined Growth Investors Inc. MN boosted its position in shares of Gentherm by 39.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,885,661 shares of the auto parts company’s stock valued at $73,164,000 after acquiring an additional 532,415 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Gentherm in the second quarter valued at approximately $308,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Gentherm in the second quarter valued at approximately $345,000. Institutional investors own 96.75% of the company’s stock.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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