Gentherm (NASDAQ:THRM) had its price objective increased by investment analysts at Roth Capital from $32.00 to $37.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Roth Capital’s price target indicates a potential downside of 3.27% from the company’s previous close.
A number of other research firms have also recently issued reports on THRM. Longbow Research set a $26.00 price target on shares of Gentherm and gave the company a “sell” rating in a report on Sunday, April 29th. Barrington Research set a $43.00 price target on shares of Gentherm and gave the company a “buy” rating in a report on Thursday, April 26th. BidaskClub upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. BMO Capital Markets set a $40.00 price target on shares of Gentherm and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Buckingham Research decreased their price target 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $39.83.
THRM stock traded down $1.25 during mid-day trading on Wednesday, reaching $38.25. 586,975 shares of the stock traded hands, compared to its average volume of 226,801. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.71 and a quick ratio of 1.98. Gentherm has a 52 week low of $29.50 and a 52 week high of $40.80. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 0.62 and a beta of 1.68.
Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, April 26th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.10). Gentherm had a net margin of 2.28% and a return on equity of 9.98%. The firm had revenue of $261.88 million for the quarter, compared to the consensus estimate of $268.85 million. During the same quarter last year, the company earned $0.77 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. equities analysts expect that Gentherm will post 2.34 EPS for the current fiscal year.
In related news, VP Ryan Wesley Gaul sold 900 shares of the stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $34.68, for a total value of $31,212.00. Following the completion of the sale, the vice president now owns 28,433 shares in the company, valued at $986,056.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Gentherm in the first quarter worth about $112,000. Profund Advisors LLC acquired a new position in Gentherm in the first quarter worth about $227,000. BancorpSouth Bank acquired a new position in Gentherm in the fourth quarter worth about $228,000. Jefferies Group LLC acquired a new position in Gentherm in the fourth quarter worth about $254,000. Finally, Palouse Capital Management Inc. acquired a new position in Gentherm in the first quarter worth about $276,000. Institutional investors and hedge funds own 98.71% of the company’s stock.
Gentherm Company Profile
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.
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