Gentherm (NASDAQ:THRM) Price Target Raised to $50.00 at Craig Hallum

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Gentherm (NASDAQ:THRM) had its price target upped by Craig Hallum from $38.00 to $50.00 in a research note published on Thursday, The Fly reports. They currently have a hold rating on the auto parts company’s stock.

Other analysts have also issued reports about the company. ValuEngine lowered Gentherm from a buy rating to a hold rating in a research note on Thursday, December 26th. Roth Capital boosted their target price on Gentherm from to in a research report on Friday, February 14th. Zacks Investment Research cut Gentherm from a buy rating to a hold rating in a research report on Tuesday. TheStreet upgraded Gentherm from a c+ rating to a b+ rating in a research report on Tuesday, October 29th. Finally, Barrington Research restated an outperform rating and set a $50.00 target price on shares of Gentherm in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Gentherm has a consensus rating of Hold and a consensus price target of $49.00.

Shares of NASDAQ:THRM traded down $0.14 during midday trading on Thursday, reaching $48.36. 195,519 shares of the company traded hands, compared to its average volume of 147,006. The company has a quick ratio of 1.56, a current ratio of 2.26 and a debt-to-equity ratio of 0.22. Gentherm has a 12 month low of $35.63 and a 12 month high of $49.95. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 1.57 and a beta of 1.33. The firm’s fifty day moving average price is $47.27 and its two-hundred day moving average price is $42.77.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.34. Gentherm had a return on equity of 16.72% and a net margin of 3.86%. The company had revenue of $230.38 million for the quarter, compared to analyst estimates of $231.57 million. During the same period in the previous year, the company posted $0.50 EPS. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. Analysts forecast that Gentherm will post 2.4 earnings per share for the current year.

In related news, VP Paul Cameron Giberson sold 6,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $42.78, for a total transaction of $256,680.00. Following the completion of the transaction, the vice president now directly owns 11,865 shares in the company, valued at $507,584.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Great Diamond Partners LLC purchased a new position in shares of Gentherm in the 4th quarter worth about $26,000. US Bancorp DE boosted its holdings in shares of Gentherm by 52.9% in the 4th quarter. US Bancorp DE now owns 731 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 253 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Gentherm in the 4th quarter worth about $36,000. Quadrant Capital Group LLC boosted its holdings in shares of Gentherm by 73.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,159 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 492 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Gentherm in the 4th quarter worth about $99,000.

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.

Further Reading: Cash Flow

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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