BidaskClub Upgrades Gentherm (THRM) to “Buy”

Gentherm (NASDAQ:THRM) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts also recently issued reports about the stock. Longbow Research assumed coverage on shares of Gentherm in a report on Friday, January 5th. They set an “underperform” rating on the stock. Barrington Research restated an “outperform” rating on shares of Gentherm in a report on Friday, February 16th. Zacks Investment Research downgraded shares of Gentherm from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. JPMorgan Chase restated an “overweight” rating and set a $39.00 target price (down from $40.00) on shares of Gentherm in a report on Wednesday, February 21st. Finally, Argus lowered their target price on shares of Gentherm to $40.00 and set a “buy” rating on the stock in a report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $39.56.

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Shares of THRM stock opened at $35.50 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.98 and a current ratio of 2.69. The firm has a market capitalization of $1,283.02, a PE ratio of 20.41, a price-to-earnings-growth ratio of 0.62 and a beta of 1.71. Gentherm has a 12 month low of $29.50 and a 12 month high of $40.80.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Tuesday, February 20th. The auto parts company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.08. The business had revenue of $257.19 million for the quarter, compared to analyst estimates of $253.48 million. Gentherm had a net margin of 3.57% and a return on equity of 11.81%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. analysts anticipate that Gentherm will post 2.24 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the business. Disciplined Growth Investors Inc. MN increased its holdings in shares of Gentherm by 1.8% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,874,739 shares of the auto parts company’s stock valued at $59,523,000 after purchasing an additional 32,428 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Gentherm in the fourth quarter valued at $549,000. Millennium Management LLC increased its holdings in shares of Gentherm by 8.3% in the fourth quarter. Millennium Management LLC now owns 415,081 shares of the auto parts company’s stock valued at $13,179,000 after purchasing an additional 31,932 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Gentherm by 96.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 98,069 shares of the auto parts company’s stock valued at $3,114,000 after purchasing an additional 48,233 shares during the last quarter. Finally, Guggenheim Capital LLC increased its holdings in shares of Gentherm by 17.1% in the fourth quarter. Guggenheim Capital LLC now owns 14,240 shares of the auto parts company’s stock valued at $451,000 after purchasing an additional 2,075 shares during the last quarter. Hedge funds and other institutional investors own 98.49% of the company’s stock.

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Gentherm Company Profile

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.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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