Gentherm Inc (THRM) Receives Average Rating of “Hold” from Brokerages
Gentherm Inc (NASDAQ:THRM) has earned an average recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $40.43.
A number of research analysts have weighed in on THRM shares. Zacks Investment Research lowered Gentherm from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. FBR & Co restated an “outperform” rating and issued a $45.00 price objective on shares of Gentherm in a report on Wednesday, May 31st. BidaskClub lowered Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. BMO Capital Markets decreased their price objective on Gentherm from $46.00 to $42.00 and set an “outperform” rating on the stock in a report on Tuesday, August 1st. Finally, ValuEngine lowered Gentherm from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
Shares of Gentherm (THRM) traded up 3.36% during midday trading on Wednesday, reaching $33.80. 233,907 shares of the company traded hands. Gentherm has a 1-year low of $26.60 and a 1-year high of $40.80. The firm has a market capitalization of $1.25 billion, a PE ratio of 15.51 and a beta of 1.94. The stock has a 50 day moving average price of $31.77 and a 200 day moving average price of $36.09.
Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.38). The firm had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $244.48 million. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. Analysts expect that Gentherm will post $2.01 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Riverhead Capital Management LLC increased its stake in shares of Gentherm by 70.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 1,130 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Gentherm in the 1st quarter worth $124,000. First Bank & Trust increased its stake in shares of Gentherm by 4.3% in the 2nd quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock worth $137,000 after acquiring an additional 144 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Gentherm by 17.8% in the 1st quarter. Victory Capital Management Inc. now owns 3,975 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 602 shares during the last quarter. Finally, Cim Investment Mangement Inc. acquired a new stake in shares of Gentherm in the 1st quarter worth $202,000. 96.75% of the stock is owned by institutional investors and hedge funds.
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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