Gentherm (NASDAQ:THRM) Upgraded at BidaskClub

Gentherm (NASDAQ:THRM) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, October 16th, BidAskClub reports.

A number of other research analysts also recently issued reports on THRM. Argus downgraded Gentherm from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. TheStreet downgraded Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, July 25th. ValuEngine upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $43.00.

Shares of NASDAQ:THRM traded up $0.49 on Wednesday, hitting $43.72. 140,100 shares of the company’s stock were exchanged, compared to its average volume of 198,062. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.26 and a quick ratio of 1.56. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.61 and a beta of 1.29. The business’s 50 day simple moving average is $41.49 and its two-hundred day simple moving average is $40.15. Gentherm has a 12 month low of $35.63 and a 12 month high of $47.30.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.16. The business had revenue of $240.06 million for the quarter, compared to the consensus estimate of $250.14 million. Gentherm had a return on equity of 15.78% and a net margin of 3.99%. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. Equities analysts forecast that Gentherm will post 2.03 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in shares of Gentherm by 2,342.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 380,573 shares of the auto parts company’s stock valued at $15,774,000 after buying an additional 364,991 shares during the period. UBS Group AG lifted its holdings in shares of Gentherm by 178.1% in the 2nd quarter. UBS Group AG now owns 332,030 shares of the auto parts company’s stock valued at $13,889,000 after buying an additional 212,618 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Gentherm in the 2nd quarter valued at approximately $6,228,000. Bank of New York Mellon Corp lifted its holdings in shares of Gentherm by 11.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,190,915 shares of the auto parts company’s stock valued at $49,816,000 after buying an additional 123,463 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Gentherm by 32.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 382,861 shares of the auto parts company’s stock valued at $16,016,000 after buying an additional 92,989 shares during the period.

Gentherm Company Profile

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.

Featured Article: Closed-End Mutual Funds

Analyst Recommendations for Gentherm (NASDAQ:THRM)

Receive News & Ratings for Gentherm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentherm and related companies with MarketBeat.com's FREE daily email newsletter.