Gentherm Inc. (THRM) Stock Rating Upgraded by FBR & Co
Gentherm Inc. (NASDAQ:THRM) was upgraded by equities researchers at FBR & Co from a “market perform” rating to an “outperform” rating in a report released on Thursday. The firm presently has a $42.00 target price on the stock. FBR & Co’s price objective would suggest a potential upside of 38.39% from the stock’s previous close.
Several other analysts have also issued reports on THRM. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. KeyCorp reiterated an “equal weight” rating on shares of Gentherm in a research note on Friday, September 9th. Roth Capital lowered Gentherm from a “buy” rating to a “neutral” rating and increased their target price for the stock from $33.00 to $53.00 in a research note on Friday, July 29th. JPMorgan Chase & Co. lowered their target price on Gentherm from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, July 29th. Finally, Argus lowered Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, September 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $45.00.
Gentherm (NASDAQ:THRM) opened at 30.35 on Thursday. The company has a market cap of $1.11 billion, a P/E ratio of 12.81 and a beta of 1.89. The firm has a 50-day moving average price of $31.37 and a 200 day moving average price of $35.30. Gentherm has a 12 month low of $29.78 and a 12 month high of $51.71.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.07. The business earned $232.72 million during the quarter, compared to the consensus estimate of $240.54 million. Gentherm had a net margin of 9.77% and a return on equity of 20.22%. Gentherm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. On average, equities analysts expect that Gentherm will post $2.06 earnings per share for the current year.
Large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock worth $103,000 after buying an additional 1,140 shares in the last quarter. Springbok Capital Management LLC increased its stake in shares of Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock worth $108,000 after buying an additional 100 shares in the last quarter. PineBridge Investments L.P. increased its stake in shares of Gentherm by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,621 shares of the company’s stock worth $158,000 after buying an additional 183 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Gentherm by 21.3% in the second quarter. Teacher Retirement System of Texas now owns 5,115 shares of the company’s stock worth $175,000 after buying an additional 898 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Gentherm during the first quarter worth about $213,000. 96.30% of the stock is currently owned by institutional investors and hedge funds.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
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