Gentherm (NASDAQ:THRM) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Gentherm (NASDAQ:THRM) from a hold rating to a buy rating in a research report released on Saturday morning, BidAskClub reports.

THRM has been the topic of a number of other research reports. TheStreet upgraded Gentherm from a c+ rating to a b+ rating in a research report on Tuesday, October 29th. Zacks Investment Research reiterated a sell rating on shares of Gentherm in a research report on Sunday, November 3rd. ValuEngine upgraded Gentherm from a hold rating to a buy rating in a research report on Tuesday, October 29th. Argus downgraded Gentherm from a buy rating to a hold rating in a research report on Monday, July 29th. Finally, Barrington Research restated a buy rating and issued a $50.00 target price on shares of Gentherm in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $43.00.

Shares of THRM stock traded up $0.49 during mid-day trading on Friday, reaching $43.72. The stock had a trading volume of 140,100 shares, compared to its average volume of 198,062. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.61 and a beta of 1.29. The business’s fifty day moving average is $41.49 and its 200-day moving average is $40.15. The company has a current ratio of 2.26, a quick ratio of 1.56 and a debt-to-equity ratio of 0.22. Gentherm has a 1-year low of $35.63 and a 1-year high of $47.30.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in shares of Gentherm by 32.5% in the second quarter. Parallel Advisors LLC now owns 1,915 shares of the auto parts company’s stock valued at $80,000 after acquiring an additional 470 shares in the last quarter. First Bank & Trust increased its holdings in shares of Gentherm by 45.9% in the second quarter. First Bank & Trust now owns 3,234 shares of the auto parts company’s stock valued at $135,000 after purchasing an additional 1,017 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in shares of Gentherm in the second quarter valued at approximately $146,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Gentherm in the third quarter valued at approximately $167,000. Finally, Zions Bancorporation N.A. increased its holdings in shares of Gentherm by 6.5% in the second quarter. Zions Bancorporation N.A. now owns 4,553 shares of the auto parts company’s stock valued at $190,000 after purchasing an additional 276 shares during the last quarter.

About Gentherm

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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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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