Gentherm’s (THRM) Buy Rating Reiterated at B. Riley
Gentherm Inc (NASDAQ:THRM)‘s stock had its “buy” rating reiterated by equities researchers at B. Riley in a note issued to investors on Thursday.
THRM has been the topic of several other research reports. Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. BMO Capital Markets lifted their price objective on shares of Gentherm from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. FBR & Co restated a “buy” rating on shares of Gentherm in a research note on Thursday, September 14th. Roth Capital set a $33.00 price objective on shares of Gentherm and gave the company a “hold” rating in a research note on Friday, July 28th. Finally, Craig Hallum cut shares of Gentherm from a “buy” rating to a “hold” rating and decreased their price objective for the company from $44.00 to $38.00 in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $40.75.
Gentherm (NASDAQ THRM) traded down $0.35 during trading hours on Thursday, reaching $33.30. 205,960 shares of the company’s stock traded hands, compared to its average volume of 240,713. The stock has a market cap of $1.22 billion, a P/E ratio of 19.07, a PEG ratio of 1.04 and a beta of 1.94. Gentherm has a 12 month low of $26.60 and a 12 month high of $40.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.47 and a current ratio of 3.23.
Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.33). The company had revenue of $235.85 million for the quarter, compared to analysts’ expectations of $235.94 million. Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. research analysts anticipate that Gentherm will post 1.63 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the business. Riverhead Capital Management LLC raised its position in Gentherm by 70.6% during the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 1,130 shares during the period. First Bank & Trust grew its holdings in shares of Gentherm by 4.3% during the second quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock worth $137,000 after buying an additional 144 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Gentherm by 12.7% during the second quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock worth $174,000 after buying an additional 504 shares in the last quarter. Forward Management LLC grew its holdings in shares of Gentherm by 6.0% during the second quarter. Forward Management LLC now owns 5,409 shares of the auto parts company’s stock worth $210,000 after buying an additional 305 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its holdings in shares of Gentherm by 0.7% during the second quarter. CWA Asset Management Group LLC now owns 5,792 shares of the auto parts company’s stock worth $225,000 after buying an additional 42 shares in the last quarter. Institutional investors own 96.61% 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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