Gentherm (NASDAQ:THRM) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of Gentherm (NASDAQ:THRM) from a hold rating to a buy rating in a research note released on Friday, BidAskClub reports.

Other analysts have also issued research reports about the company. Barrington Research restated a buy rating and set a $47.50 price target on shares of Gentherm in a report on Thursday, May 7th. Craig Hallum reduced their target price on Gentherm from $50.00 to $38.00 and set a hold rating on the stock in a research note on Tuesday, April 21st. Argus upgraded Gentherm from a hold rating to a buy rating and set a $55.00 target price on the stock in a research note on Friday, February 21st. Zacks Investment Research reiterated a sell rating on shares of Gentherm in a research note on Saturday, May 2nd. Finally, Roth Capital reiterated a buy rating on shares of Gentherm in a research note on Monday, May 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $45.50.

NASDAQ:THRM opened at $40.56 on Friday. The stock’s fifty day moving average is $37.41 and its 200 day moving average is $41.08. Gentherm has a fifty-two week low of $27.24 and a fifty-two week high of $49.95. The firm has a market capitalization of $1.33 billion, a PE ratio of 32.71 and a beta of 1.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.51 and a current ratio of 3.19.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, May 7th. The auto parts company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.12. Gentherm had a return on equity of 16.36% and a net margin of 4.35%. The company had revenue of $228.60 million for the quarter, compared to analyst estimates of $227.50 million. During the same quarter in the prior year, the firm posted $0.55 EPS. Gentherm’s quarterly revenue was down 11.4% compared to the same quarter last year. Equities analysts forecast that Gentherm will post 0.99 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp grew its position in shares of Gentherm by 8.9% during the 1st quarter. State Street Corp now owns 1,058,779 shares of the auto parts company’s stock worth $33,246,000 after buying an additional 86,841 shares in the last quarter. Norges Bank bought a new position in shares of Gentherm during the 4th quarter worth $26,601,000. Rockefeller Capital Management L.P. grew its position in shares of Gentherm by 1.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 555,697 shares of the auto parts company’s stock worth $24,668,000 after buying an additional 8,239 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Gentherm by 0.9% during the 1st quarter. Geode Capital Management LLC now owns 467,353 shares of the auto parts company’s stock worth $14,674,000 after buying an additional 4,316 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Gentherm by 13.9% during the 1st quarter. JPMorgan Chase & Co. now owns 454,456 shares of the auto parts company’s stock worth $14,270,000 after buying an additional 55,625 shares in the last quarter.

About Gentherm

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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