Other research analysts also recently issued reports about the company. KeyCorp reiterated an equal weight rating on shares of Gentherm in a report on Friday, September 9th. Zacks Investment Research upgraded Gentherm from a sell rating to a hold rating in a report on Tuesday, July 12th. Argus downgraded Gentherm from a buy rating to a hold rating in a report on Friday, September 23rd. Barrington Research cut shares of Gentherm from an outperform rating to a market perform rating in a research note on Thursday, July 28th. Finally, Roth Capital cut shares of Gentherm from a buy rating to a neutral rating and boosted their price objective for the company from $33.00 to $53.00 in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $45.00.
Shares of Gentherm (NASDAQ:THRM) opened at 28.10 on Thursday. Gentherm has a 1-year low of $28.05 and a 1-year high of $51.71. The firm has a 50-day moving average price of $31.21 and a 200-day moving average price of $35.08. The firm has a market capitalization of $1.03 billion, a PE ratio of 11.86 and a beta of 1.89.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.07. The business earned $232.72 million during the quarter, compared to analyst estimates of $240.54 million. Gentherm had a net margin of 9.77% and a return on equity of 20.22%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. On average, analysts forecast that Gentherm will post $2.06 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in THRM. Global Alpha Capital Management Ltd. boosted its stake in shares of Gentherm by 8.1% in the first quarter. Global Alpha Capital Management Ltd. now owns 97,100 shares of the company’s stock worth $4,038,000 after buying an additional 7,300 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Gentherm by 4.8% in the first quarter. UBS Asset Management Americas Inc. now owns 45,316 shares of the company’s stock worth $1,884,000 after buying an additional 2,079 shares during the period. UBS Group AG boosted its stake in shares of Gentherm by 3.5% in the first quarter. UBS Group AG now owns 119,981 shares of the company’s stock worth $4,990,000 after buying an additional 4,019 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Gentherm by 27.2% in the first quarter. Lazard Asset Management LLC now owns 446,647 shares of the company’s stock worth $18,576,000 after buying an additional 95,379 shares during the period. Finally, State Street Corp boosted its stake in shares of Gentherm by 3.3% in the first quarter. State Street Corp now owns 686,880 shares of the company’s stock worth $28,568,000 after buying an additional 21,956 shares during the period. 96.30% of the stock is owned by hedge funds and other institutional investors.
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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