BMO Capital Markets Cuts Gentherm Inc (THRM) Price Target to $42.00
Gentherm Inc (NASDAQ:THRM) had its target price decreased by BMO Capital Markets from $46.00 to $42.00 in a report released on Tuesday, August 1st. BMO Capital Markets currently has an outperform rating on the auto parts company’s stock.
THRM has been the subject of a number of other reports. Zacks Investment Research raised Gentherm from a hold rating to a buy rating and set a $42.00 price objective for the company in a research report on Wednesday, May 3rd. BidaskClub downgraded Gentherm from a strong-buy rating to a buy rating in a research report on Wednesday, June 21st. FBR & Co reaffirmed an outperform rating and issued a $45.00 price target on shares of Gentherm in a report on Wednesday, May 31st. Craig Hallum downgraded Gentherm from a buy rating to a hold rating and lowered their price target for the company from $44.00 to $38.00 in a report on Friday, July 28th. Finally, ValuEngine downgraded Gentherm from a buy rating to a hold rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $40.75.
Gentherm (NASDAQ THRM) traded up 0.33% during trading on Tuesday, hitting $30.45. 466,893 shares of the company traded hands. The stock has a market capitalization of $1.12 billion, a PE ratio of 13.97 and a beta of 1.93. Gentherm has a 52 week low of $26.60 and a 52 week high of $40.80. The company’s 50 day moving average is $36.81 and its 200-day moving average is $36.81.
Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.38. The firm had revenue of $243.40 million during the quarter, compared to analyst estimates of $244.48 million. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Analysts predict that Gentherm will post $2.00 earnings per share for the current year.
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In other Gentherm news, VP Erin Erwine Ascher sold 1,800 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $39.17, for a total value of $70,506.00. Following the completion of the transaction, the vice president now owns 23,839 shares in the company, valued at $933,773.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of THRM. BlackRock Inc. raised its stake in Gentherm by 152,589.9% in the first quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock valued at $180,872,000 after buying an additional 4,605,162 shares during the period. Norges Bank purchased a new stake in Gentherm during the fourth quarter valued at $9,383,000. Snow Capital Management LP raised its stake in Gentherm by 612.6% in the first quarter. Snow Capital Management LP now owns 256,545 shares of the auto parts company’s stock valued at $10,069,000 after buying an additional 220,545 shares during the period. Vanguard Group Inc. raised its stake in Gentherm by 7.3% in the first quarter. Vanguard Group Inc. now owns 3,212,182 shares of the auto parts company’s stock valued at $126,078,000 after buying an additional 218,171 shares during the period. Finally, Pembroke Management LTD raised its stake in Gentherm by 40.5% in the first quarter. Pembroke Management LTD now owns 631,408 shares of the auto parts company’s stock worth $24,782,000 after buying an additional 181,900 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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