Gentherm (NASDAQ:THRM) Raised to Buy at ValuEngine

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ValuEngine upgraded shares of Gentherm (NASDAQ:THRM) from a hold rating to a buy rating in a research note released on Tuesday, ValuEngine reports.

Several other analysts also recently issued reports on THRM. TheStreet upgraded Gentherm from a c+ rating to a b+ rating in a report on Tuesday, October 29th. Barrington Research restated a buy rating and set a $50.00 price objective on shares of Gentherm in a research note on Monday, October 28th. Zacks Investment Research restated a sell rating on shares of Gentherm in a research note on Sunday, November 3rd. Finally, BidaskClub lowered Gentherm from a buy rating to a hold rating in a research note on Saturday, November 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $43.00.

THRM opened at $41.98 on Tuesday. Gentherm has a 52-week low of $35.63 and a 52-week high of $46.35. The company has a 50 day moving average of $42.27 and a two-hundred day moving average of $40.23. The company has a market cap of $1.37 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.59 and a beta of 1.31. The company has a quick ratio of 1.56, a current ratio of 2.26 and a debt-to-equity ratio of 0.22.

Gentherm (NASDAQ:THRM) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.16. The business had revenue of $240.06 million for the quarter, compared to the consensus estimate of $250.14 million. Gentherm had a net margin of 3.99% and a return on equity of 15.78%. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. Research analysts anticipate that Gentherm will post 2.03 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in THRM. Parallel Advisors LLC grew its holdings in Gentherm by 32.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,915 shares of the auto parts company’s stock valued at $80,000 after purchasing an additional 470 shares in the last quarter. First Bank & Trust boosted its position in Gentherm by 45.9% in the 2nd quarter. First Bank & Trust now owns 3,234 shares of the auto parts company’s stock valued at $135,000 after buying an additional 1,017 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Gentherm in the 3rd quarter valued at about $167,000. Everence Capital Management Inc. acquired a new stake in shares of Gentherm during the second quarter valued at about $202,000. Finally, BB&T Securities LLC purchased a new stake in shares of Gentherm during the second quarter worth about $203,000.

Gentherm Company Profile

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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