Gentherm Inc (NASDAQ:THRM) Given Consensus Rating of “Hold” by Brokerages

Gentherm Inc (NASDAQ:THRM) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.60.

A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. BidaskClub raised shares of Gentherm from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. TheStreet downgraded shares of Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, July 25th. Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Argus downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Monday, July 29th.

In related news, VP Kenneth John Phillips sold 3,577 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $42.38, for a total transaction of $151,593.26. Following the completion of the sale, the vice president now directly owns 17,069 shares of the company’s stock, valued at $723,384.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Piedmont Investment Advisors Inc. raised its stake in shares of Gentherm by 3.0% during the first quarter. Piedmont Investment Advisors Inc. now owns 8,553 shares of the auto parts company’s stock worth $315,000 after buying an additional 252 shares during the last quarter. Zions Bancorporation N.A. increased its stake in Gentherm by 6.5% in the second quarter. Zions Bancorporation N.A. now owns 4,553 shares of the auto parts company’s stock valued at $190,000 after purchasing an additional 276 shares in the last quarter. Chatham Capital Group Inc. increased its stake in Gentherm by 0.7% in the first quarter. Chatham Capital Group Inc. now owns 45,914 shares of the auto parts company’s stock valued at $1,692,000 after purchasing an additional 303 shares in the last quarter. Arizona State Retirement System increased its stake in Gentherm by 0.6% in the second quarter. Arizona State Retirement System now owns 52,237 shares of the auto parts company’s stock valued at $2,185,000 after purchasing an additional 315 shares in the last quarter. Finally, Comerica Bank increased its stake in Gentherm by 0.7% in the first quarter. Comerica Bank now owns 45,223 shares of the auto parts company’s stock valued at $1,828,000 after purchasing an additional 325 shares in the last quarter.

Shares of NASDAQ THRM traded down $0.01 during trading on Friday, reaching $42.70. The company had a trading volume of 86,996 shares, compared to its average volume of 153,540. Gentherm has a 52 week low of $35.63 and a 52 week high of $50.30. The stock has a market cap of $1.41 billion, a PE ratio of 20.14, a PEG ratio of 1.56 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 2.34. The business’s 50 day moving average price is $38.52 and its 200-day moving average price is $39.56.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, July 25th. The auto parts company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01). Gentherm had a return on equity of 14.49% and a net margin of 2.31%. The company had revenue of $243.33 million during the quarter, compared to the consensus estimate of $254.53 million. During the same period in the prior year, the firm posted $0.58 earnings per share. The company’s revenue was down 8.7% on a year-over-year basis. Equities analysts anticipate that Gentherm will post 2.1 earnings per share for the current year.

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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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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