Gentherm Inc (THRM) Receives $37.33 Average PT from Brokerages

Shares of Gentherm Inc (NASDAQ:THRM) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $37.33.

A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of Gentherm from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut shares of Gentherm from a “hold” rating to a “sell” rating in a report on Tuesday, May 1st. Buckingham Research decreased their price objective on shares of Gentherm from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, May 1st. Longbow Research set a $26.00 price objective on shares of Gentherm and gave the stock a “sell” rating in a report on Sunday, April 29th. Finally, Barrington Research set a $43.00 price objective on shares of Gentherm and gave the stock a “buy” rating in a report on Thursday, April 26th.

In other Gentherm news, VP Ryan Wesley Gaul sold 900 shares of the company’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $34.68, for a total transaction of $31,212.00. Following the completion of the sale, the vice president now directly owns 28,433 shares in the company, valued at $986,056.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.



A number of hedge funds have recently added to or reduced their stakes in THRM. Legato Capital Management LLC lifted its stake in shares of Gentherm by 47.2% in the fourth quarter. Legato Capital Management LLC now owns 18,705 shares of the auto parts company’s stock valued at $594,000 after buying an additional 5,999 shares during the period. Swiss National Bank lifted its stake in shares of Gentherm by 3.3% in the fourth quarter. Swiss National Bank now owns 62,000 shares of the auto parts company’s stock valued at $1,969,000 after buying an additional 2,000 shares during the period. BancorpSouth Bank bought a new stake in shares of Gentherm in the fourth quarter valued at about $228,000. Teacher Retirement System of Texas bought a new stake in shares of Gentherm in the fourth quarter valued at about $403,000. Finally, Rhumbline Advisers lifted its stake in shares of Gentherm by 15.7% in the fourth quarter. Rhumbline Advisers now owns 86,646 shares of the auto parts company’s stock valued at $2,751,000 after buying an additional 11,744 shares during the period. Institutional investors own 95.46% of the company’s stock.

Shares of NASDAQ THRM traded up $0.40 during mid-day trading on Monday, reaching $35.10. The company had a trading volume of 152,378 shares, compared to its average volume of 197,758. Gentherm has a twelve month low of $29.50 and a twelve month high of $40.80. The company has a current ratio of 2.71, a quick ratio of 1.98 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.28 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 0.59 and a beta of 1.73.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, April 26th. The auto parts company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.10). The company had revenue of $261.88 million during the quarter, compared to analyst estimates of $268.85 million. Gentherm had a return on equity of 9.98% and a net margin of 2.28%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. analysts predict that Gentherm will post 2.34 EPS for the current year.

About Gentherm

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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