Roth Mkm Has Lowered Expectations for Gentherm (NASDAQ:THRM) Stock Price

Gentherm (NASDAQ:THRM) had its price target cut by equities researchers at Roth Mkm from $44.00 to $39.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. Roth Mkm’s target price would suggest a potential upside of 35.46% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Weiss Ratings lowered shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Wall Street Zen downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Argus raised shares of Gentherm to a “hold” rating in a research note on Friday, February 27th. Loop Capital set a $38.00 price objective on Gentherm in a report on Wednesday, February 25th. Finally, Robert W. Baird cut their price objective on Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.40.

Gentherm Trading Up 0.5%

Shares of THRM stock opened at $28.79 on Monday. Gentherm has a 1-year low of $22.75 and a 1-year high of $39.48. The company has a market cap of $878.96 million, a price-to-earnings ratio of 47.20 and a beta of 1.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.92 and a quick ratio of 1.30. The stock has a 50 day simple moving average of $32.30 and a 200-day simple moving average of $34.74.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). The company had revenue of $382.79 million during the quarter, compared to analyst estimates of $371.91 million. Gentherm had a net margin of 1.22% and a return on equity of 10.07%. Gentherm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 EPS. On average, equities research analysts expect that Gentherm will post 3.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Gentherm

A number of hedge funds have recently modified their holdings of THRM. SummerHaven Investment Management LLC acquired a new stake in Gentherm in the 3rd quarter valued at about $929,000. SG Americas Securities LLC lifted its stake in Gentherm by 269.4% in the 3rd quarter. SG Americas Securities LLC now owns 37,353 shares of the auto parts company’s stock worth $1,272,000 after purchasing an additional 27,241 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Gentherm by 71.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 284,566 shares of the auto parts company’s stock worth $9,692,000 after purchasing an additional 118,346 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Gentherm by 4.4% in the second quarter. Geode Capital Management LLC now owns 762,709 shares of the auto parts company’s stock valued at $21,579,000 after purchasing an additional 32,140 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Gentherm in the second quarter valued at approximately $224,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.