Gentherm (THRM) Downgraded by BidaskClub to Sell

Gentherm (NASDAQ:THRM) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.

Other equities analysts also recently issued reports about the company. Roth Capital increased their target price on Gentherm from $32.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, June 27th. JPMorgan Chase & Co. downgraded Gentherm from an “overweight” rating to a “neutral” rating and set a $50.00 target price for the company. in a research report on Friday. Barrington Research reiterated a “buy” rating and issued a $50.00 target price on shares of Gentherm in a research report on Thursday, July 26th. Buckingham Research increased their target price on Gentherm from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, October 3rd. Finally, Zacks Investment Research upgraded Gentherm from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, August 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.27.

Gentherm stock traded down $0.39 during trading hours on Friday, hitting $38.75. The stock had a trading volume of 286,300 shares, compared to its average volume of 238,997. The company has a current ratio of 2.60, a quick ratio of 1.91 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.46 billion, a PE ratio of 16.77 and a beta of 1.60. Gentherm has a one year low of $30.17 and a one year high of $50.30.

Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, July 26th. The auto parts company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. The firm had revenue of $263.78 million during the quarter, compared to the consensus estimate of $264.18 million. Gentherm had a return on equity of 11.97% and a net margin of 3.04%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. As a group, analysts predict that Gentherm will post 2.39 earnings per share for the current fiscal year.

In other news, VP Kenneth John Phillips sold 30,000 shares of the firm’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $45.03, for a total transaction of $1,350,900.00. Following the completion of the transaction, the vice president now directly owns 61,198 shares in the company, valued at $2,755,745.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald T. Hundzinski acquired 1,500 shares of the stock in a transaction dated Friday, August 3rd. The shares were bought at an average price of $45.90 per share, with a total value of $68,850.00. Following the completion of the transaction, the director now directly owns 9,831 shares of the company’s stock, valued at $451,242.90. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. grace capital acquired a new stake in Gentherm during the second quarter worth approximately $157,000. Zions Bancorporation grew its stake in Gentherm by 55.2% during the second quarter. Zions Bancorporation now owns 4,275 shares of the auto parts company’s stock worth $168,000 after purchasing an additional 1,520 shares during the period. Sei Investments Co. grew its stake in Gentherm by 59.0% during the second quarter. Sei Investments Co. now owns 4,915 shares of the auto parts company’s stock worth $193,000 after purchasing an additional 1,824 shares during the period. First Mercantile Trust Co. grew its stake in Gentherm by 634.3% during the second quarter. First Mercantile Trust Co. now owns 5,140 shares of the auto parts company’s stock worth $202,000 after purchasing an additional 4,440 shares during the period. Finally, Amalgamated Bank acquired a new stake in Gentherm during the second quarter worth approximately $212,000.

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.

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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