Gentherm Inc (NASDAQ:THRM) Receives $43.00 Average Target Price from Analysts

Shares of Gentherm Inc (NASDAQ:THRM) have been given a consensus recommendation of “Hold” by the five research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $43.00.

Several equities analysts have recently commented on THRM shares. Roth Mkm restated a “buy” rating and issued a $44.00 target price on shares of Gentherm in a research report on Friday, October 24th. Weiss Ratings downgraded shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Robert W. Baird set a $42.00 target price on Gentherm in a research note on Friday, October 24th. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Finally, JPMorgan Chase & Co. upped their price objective on Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th.

Institutional Investors Weigh In On Gentherm

Several hedge funds and other institutional investors have recently made changes to their positions in THRM. Allworth Financial LP increased its position in Gentherm by 1,609.1% during the 2nd quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 885 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Gentherm by 16,716.7% during the second quarter. Hantz Financial Services Inc. now owns 1,009 shares of the auto parts company’s stock worth $29,000 after buying an additional 1,003 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Gentherm by 160.3% in the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 500 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Gentherm by 295.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 1,019 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Gentherm by 455.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,434 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 1,176 shares in the last quarter. 97.13% of the stock is owned by institutional investors.

Gentherm Stock Performance

THRM opened at $36.70 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.33 and a current ratio of 1.96. Gentherm has a 52-week low of $22.75 and a 52-week high of $41.09. The firm has a market cap of $1.12 billion, a P/E ratio of 36.70 and a beta of 1.35. The business’s fifty day moving average is $36.75 and its 200-day moving average is $35.39.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, October 23rd. The auto parts company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The business had revenue of $386.87 million during the quarter, compared to the consensus estimate of $374.75 million. Gentherm had a return on equity of 9.55% and a net margin of 2.08%.Gentherm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Sell-side analysts expect that Gentherm will post 3.1 EPS for the current fiscal year.

About Gentherm

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.