Roth Capital Boosts Gentherm (THRM) Price Target to $37.00

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Gentherm (NASDAQ:THRM) had its price target boosted by Roth Capital from $32.00 to $37.00 in a research note released on Wednesday morning. Roth Capital currently has a neutral rating on the auto parts company’s stock.

A number of other research analysts also recently issued reports on the stock. BidaskClub upgraded shares of Gentherm from a hold rating to a buy rating in a research report on Wednesday, April 4th. BMO Capital Markets set a $40.00 price target on shares of Gentherm and gave the stock a buy rating in a research report on Wednesday, February 28th. Longbow Research reaffirmed a sell rating and issued a $26.00 price objective on shares of Gentherm in a report on Thursday, June 14th. Susquehanna Bancshares set a $35.00 price objective on shares of Gentherm and gave the stock a hold rating in a report on Wednesday, March 14th. Finally, Zacks Investment Research cut shares of Gentherm from a hold rating to a sell rating in a report on Tuesday, May 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Gentherm currently has an average rating of Hold and an average target price of $39.83.

Gentherm stock opened at $39.30 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.98 and a current ratio of 2.71. Gentherm has a 1 year low of $29.50 and a 1 year high of $40.80. The stock has a market capitalization of $1.41 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 0.68 and a beta of 1.68.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, April 26th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.10). Gentherm had a return on equity of 9.98% and a net margin of 2.28%. The business had revenue of $261.88 million during the quarter, compared to the consensus estimate of $268.85 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. research analysts expect that Gentherm will post 2.26 earnings per share for the current year.

In other Gentherm news, VP Kenneth John Phillips sold 17,619 shares of the firm’s stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of $39.09, for a total transaction of $688,726.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ryan Wesley Gaul sold 900 shares of the firm’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $34.68, for a total transaction of $31,212.00. Following the transaction, the vice president now directly owns 28,433 shares in the company, valued at approximately $986,056.44. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in THRM. Schwab Charles Investment Management Inc. increased its stake in Gentherm by 10.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 231,553 shares of the auto parts company’s stock valued at $7,352,000 after buying an additional 22,246 shares during the period. Teacher Retirement System of Texas acquired a new position in Gentherm during the 4th quarter valued at about $403,000. Swiss National Bank increased its stake in Gentherm by 3.3% during the 4th quarter. Swiss National Bank now owns 62,000 shares of the auto parts company’s stock valued at $1,969,000 after buying an additional 2,000 shares during the period. First Trust Advisors LP increased its stake in Gentherm by 17.5% during the 4th quarter. First Trust Advisors LP now owns 49,173 shares of the auto parts company’s stock valued at $1,561,000 after buying an additional 7,306 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Gentherm by 124.9% during the 4th quarter. Wells Fargo & Company MN now owns 538,996 shares of the auto parts company’s stock valued at $17,113,000 after buying an additional 299,351 shares during the period. 98.71% of the stock is currently owned by hedge funds and other institutional investors.

About Gentherm

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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