Gentherm Incorporated (NASDAQ:THRM) Receives Consensus “Buy” Rating from Brokerages
Gentherm Incorporated (NASDAQ:THRM – Get Rating) has earned a consensus “Buy” rating from the eight research firms that currently cover the stock, MarketBeat Ratings reports. Two investment analysts rated the stock with a hold recommendation and six gave the company a buy recommendation. The 12-month average target price among brokers who have issued ratings on the stock over the past year is $101.20.
Several brokerages have recently commented on THRM. Robert W. Baird raised his price target on Gentherm from $94.00 to $101.00 and gave the company an “outperform” rating in a Friday, Jan. 7 research note. StockNews.com began covering Gentherm in a research note on Thursday, March 31. They issued a “hold” rating for the company. Finally, Zacks Investment Research downgraded Gentherm from a “buy” rating to a “hold” rating in a Tuesday, February 22 research note.
Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its stake in Gentherm shares by 29.0% in the 1st quarter. SG Americas Securities LLC now owns 1,606 shares of the auto parts company worth $117,000 after buying 361 additional shares during the period. The New York State Teachers Retirement System increased its stake in Gentherm shares by 4.7% in Q1. The New York State Teachers’ Retirement System now owns 32,973 shares of the auto parts company worth $2,408,000 after purchasing an additional 1,477 shares during the period. Robeco Institutional Asset Management BV purchased a new equity stake in Gentherm in Q1 for a value of approximately $19,815,000. Meritage Investment Management increased its holdings of Gentherm shares by 11.4% in the first quarter. Meritage Portfolio Management now owns 2,790 shares of the auto parts company worth $204,000 after purchasing an additional 285 shares during the period. Finally, Assenagon Asset Management SA increased its stake in Gentherm shares by 4.3% in the 1st quarter. Assenagon Asset Management SA now owns 37,261 shares of the auto parts company worth $2,722,000 after purchasing an additional 1,548 shares during the period. 98.71% of the shares are currently held by institutional investors.
Gentherm shares opened at $67.42 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.91 and a debt ratio of 0.06. The company has a 50-day moving average price of $72.41 and a two-hundred-day moving average price of $81.62. Gentherm has a 1 year minimum of $61.15 and a 1 year maximum of $99.00. The company has a market capitalization of $2.23 billion, a P/E ratio of 24.08 and a beta of 1.24.
Gentherm (NASDAQ:THRM – Get Rating) last released its quarterly results on Thursday, February 17. The auto parts company reported earnings per share of $0.61 for the quarter, beating the Zacks consensus estimate of $0.34 by $0.27. The company posted revenue of $248.23 million in the quarter, versus a consensus estimate of $241.34 million. Gentherm had a return on equity of 15.70% and a net margin of 8.93%. The company’s revenues were down 14.1% from the same quarter last year. During the same period last year, the company posted EPS of $1.16. Equity research analysts expect Gentherm to post an EPS of 2.82 for the current fiscal year.
Gentherm Company Profile (Get an assessment)
Gentherm Incorporated designs, develops, manufactures and markets thermal management technologies. The Company operates in two segments, automotive and medical. The Automotive segment offers climate comfort systems, which include seat heaters, fans and thermoelectric devices for variable temperature seats and steering wheel heaters designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units that use proprietary electronic technology and software; and other climate comfort systems, including neck conditioners and climate system products for door panels, armrests, cup holders and storage bins.
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