Trade Report: The Zacks Investment Research Upgrades Gentherm Inc. (THRM) to Hold

The Zacks Investment Research Upgrades Gentherm Inc. (THRM) to Hold

Gentherm Inc. (NASDAQ:THRM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “

A number of other research firms also recently issued reports on THRM. Barrington Research downgraded Gentherm from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Buckingham Research downgraded Gentherm from a “buy” rating to a “neutral” rating in a research report on Friday, July 29th. Roth Capital set a $31.00 target price on Gentherm and gave the stock a “hold” rating in a research report on Monday, October 24th. Argus downgraded Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, July 29th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $40.60.

Gentherm (NASDAQ:THRM) opened at 27.95 on Thursday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 12.96 and a beta of 1.89. Gentherm has a 52-week low of $27.40 and a 52-week high of $51.71. The stock’s 50 day moving average is $30.23 and its 200 day moving average is $34.48.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.55 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.55. The business had revenue of $232.60 million for the quarter, compared to analyst estimates of $242.41 million. Gentherm had a return on equity of 17.29% and a net margin of 8.84%. Gentherm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. On average, analysts predict that Gentherm will post $1.97 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in THRM. Emerald Acquisition Ltd. bought a new position in shares of Gentherm during the second quarter valued at $17,385,000. Janus Capital Management LLC acquired a new stake in Gentherm during the second quarter valued at about $15,296,000. Pembroke Management LTD raised its stake in Gentherm by 51.5% in the second quarter. Pembroke Management LTD now owns 1,034,508 shares of the company’s stock valued at $35,431,000 after buying an additional 351,500 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in Gentherm by 28.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,550,480 shares of the company’s stock valued at $53,104,000 after buying an additional 346,873 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Gentherm during the second quarter valued at about $9,715,000. Institutional investors own 95.39% of the company’s stock.

About Gentherm

Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.

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