Trade Report: The Gentherm Inc. (THRM) Upgraded to “Outperform” at FBR & Co

The Gentherm Inc. (THRM) Upgraded to “Outperform” at FBR & Co

FBR & Co upgraded shares of Gentherm Inc. (NASDAQ:THRM) from a market perform rating to an outperform rating in a report released on Thursday morning. FBR & Co currently has $42.00 target price on the stock.

Several other research analysts also recently weighed in on the company. Barrington Research downgraded Gentherm from an outperform rating to a market perform rating in a research note on Thursday, July 28th. Zacks Investment Research downgraded Gentherm from a hold rating to a strong sell rating in a research note on Wednesday, August 3rd. Buckingham Research downgraded Gentherm from a buy rating to a neutral rating in a research note on Friday, July 29th. Argus downgraded Gentherm from a buy rating to a hold rating in a research note on Friday, September 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Gentherm from $48.00 to $44.00 and set an overweight rating on the stock in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $45.00.

Gentherm (NASDAQ:THRM) traded down 0.33% on Thursday, hitting $30.02. The stock had a trading volume of 162,934 shares. Gentherm has a 52-week low of $29.78 and a 52-week high of $51.71. The company has a 50 day moving average price of $31.43 and a 200-day moving average price of $35.37. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 12.67 and a beta of 1.89.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.07. Gentherm had a return on equity of 20.22% and a net margin of 9.77%. The business had revenue of $232.72 million for the quarter, compared to analysts’ expectations of $240.54 million. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Gentherm will post $2.06 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock valued at $103,000 after buying an additional 1,140 shares during the period. Springbok Capital Management LLC boosted its position in shares of Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock valued at $108,000 after buying an additional 100 shares during the period. PineBridge Investments L.P. boosted its position in shares of Gentherm by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,621 shares of the company’s stock valued at $158,000 after buying an additional 183 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Gentherm during the first quarter valued at about $213,000. Finally, Teacher Retirement System of Texas boosted its position in shares of Gentherm by 21.3% in the second quarter. Teacher Retirement System of Texas now owns 5,115 shares of the company’s stock valued at $175,000 after buying an additional 898 shares during the period. 96.36% of the stock is owned by institutional investors and hedge funds.

Gentherm Company Profile

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