The Gentherm Inc. (THRM) Rating Lowered to Sell at Zacks Investment Research

The Gentherm Inc. (THRM) Rating Lowered to Sell at Zacks Investment Research

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

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. “

Several other equities research analysts have also recently commented on THRM. FBR & Co reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Gentherm in a report on Friday, December 16th. Susquehanna assumed coverage on Gentherm in a report on Monday, December 19th. They issued a “neutral” rating and a $36.00 price target for the company. TheStreet cut Gentherm from a “buy” rating to a “hold” rating in a report on Tuesday, October 18th. BMO Capital Markets assumed coverage on Gentherm in a report on Tuesday, December 20th. They issued an “outperform” rating and a $41.00 price target for the company. Finally, Argus cut Gentherm from a “buy” rating to a “hold” rating in a report on Friday, September 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.38.

Shares of Gentherm (NASDAQ:THRM) opened at 33.80 on Tuesday. The firm has a 50 day moving average price of $33.85 and a 200 day moving average price of $32.24. The stock has a market capitalization of $1.23 billion, a PE ratio of 15.65 and a beta of 1.97. Gentherm has a one year low of $26.60 and a one year high of $44.62.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. Gentherm had a return on equity of 17.29% and a net margin of 8.84%. The firm earned $232.60 million during the quarter, compared to analysts’ expectations of $242.41 million. During the same quarter last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts predict that Gentherm will post $2.27 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of THRM. BlackRock Inc. boosted its stake in Gentherm by 21.2% in the second quarter. BlackRock Inc. now owns 3,001 shares of the company’s stock valued at $103,000 after buying an additional 524 shares during the period. Victory Capital Management Inc. boosted its stake in Gentherm by 23.4% in the third quarter. Victory Capital Management Inc. now owns 3,358 shares of the company’s stock valued at $106,000 after buying an additional 637 shares during the period. US Bancorp DE boosted its stake in Gentherm by 43.9% in the third quarter. US Bancorp DE now owns 3,772 shares of the company’s stock valued at $119,000 after buying an additional 1,151 shares during the period. PineBridge Investments L.P. boosted 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 valued at $158,000 after buying an additional 183 shares during the period. Finally, Teacher Retirement System of Texas boosted 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 valued at $175,000 after buying an additional 898 shares during the period. 97.28% of the stock is owned by institutional investors.

Gentherm Company Profile

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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