BidaskClub upgraded shares of Gentherm (NASDAQ:THRM) from a hold rating to a buy rating in a research note issued to investors on Thursday, BidAskClub reports.
Several other equities analysts also recently commented on THRM. Barrington Research reiterated a buy rating and issued a $50.00 price objective on shares of Gentherm in a report on Monday, October 28th. Roth Capital began coverage on shares of Gentherm in a report on Monday, December 9th. They issued a buy rating and a $50.00 price objective on the stock. Zacks Investment Research upgraded shares of Gentherm from a hold rating to a strong-buy rating and set a $53.00 price objective on the stock in a report on Friday, January 10th. TheStreet upgraded shares of Gentherm from a c+ rating to a b+ rating in a report on Tuesday, October 29th. Finally, ValuEngine downgraded shares of Gentherm from a buy rating to a hold rating in a report on Thursday, December 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $46.20.
THRM traded up $0.37 during trading on Thursday, reaching $48.15. 127,700 shares of the stock were exchanged, compared to its average volume of 137,908. The stock has a market cap of $1.56 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. Gentherm has a twelve month low of $35.63 and a twelve month high of $48.21. The stock’s 50 day moving average price is $44.78 and its two-hundred day moving average price is $41.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.56 and a current ratio of 2.26.
Gentherm (NASDAQ:THRM) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.16. Gentherm had a net margin of 3.99% and a return on equity of 15.78%. The business had revenue of $240.06 million for the quarter, compared to the consensus estimate of $250.14 million. During the same period in the previous year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. Equities research analysts predict that Gentherm will post 1.98 earnings per share for the current fiscal year.
In related news, VP Paul Cameron Giberson sold 6,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $42.78, for a total transaction of $256,680.00. Following the completion of the sale, the vice president now owns 11,865 shares of the company’s stock, valued at $507,584.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. bought a new position in shares of Gentherm in the third quarter worth about $167,000. Equitable Trust Co. bought a new position in shares of Gentherm in the second quarter worth about $209,000. Toth Financial Advisory Corp bought a new position in shares of Gentherm in the third quarter worth about $212,000. Advisors Capital Management LLC bought a new position in shares of Gentherm in the second quarter worth about $219,000. Finally, Voloridge Investment Management LLC bought a new position in shares of Gentherm in the third quarter worth about $242,000.
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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