Today: The Analysts Set Gentherm Inc. (NASDAQ:THRM) Target Price at $48.50

The Analysts Set Gentherm Inc. (NASDAQ:THRM) Target Price at $48.50

Gentherm Inc. (NASDAQ:THRM) has received an average recommendation of “Hold” from the eight analysts that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $48.50.

A number of analysts have recently weighed in on THRM shares. Zacks Investment Research lowered shares of Gentherm from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. KeyCorp reaffirmed an “equal weight” rating on shares of Gentherm in a research note on Friday, September 9th. Barrington Research lowered shares of Gentherm from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 28th. Argus lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, September 23rd. Finally, FBR & Co reaffirmed a “hold” rating on shares of Gentherm in a research note on Friday, September 9th.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock worth $103,000 after buying an additional 1,140 shares during the last quarter. Springbok Capital Management LLC raised its stake in Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock worth $108,000 after buying an additional 100 shares in the last quarter. PineBridge Investments L.P. raised its stake in Gentherm by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,621 shares of the company’s stock worth $158,000 after buying an additional 183 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Gentherm by 21.3% in the second quarter. Teacher Retirement System of Texas now owns 5,115 shares of the company’s stock worth $175,000 after buying an additional 898 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Gentherm during the first quarter worth about $213,000. Institutional investors and hedge funds own 96.36% of the company’s stock.

Shares of Gentherm (NASDAQ:THRM) opened at 30.64 on Thursday. Gentherm has a 12 month low of $29.78 and a 12 month high of $51.71. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 12.93 and a beta of 1.89. The company’s 50-day moving average is $31.63 and its 200-day moving average is $35.61.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.07. The company earned $232.72 million during the quarter, compared to analyst estimates of $240.54 million. Gentherm had a return on equity of 20.22% and a net margin of 9.77%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. On average, equities research analysts forecast that Gentherm will post $2.06 earnings per share for the current fiscal year.

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