Gentherm Inc (NASDAQ:THRM) Stock Has Consensus Price Target of $43.57 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Gentherm, with five buys, three holds, and two sells; the average 12-month price target is $43.57.
• Gentherm’s latest quarterly revenue of $405.1 million slightly exceeded estimates and rose 4.7% year over year, but EPS of $0.33 fell short of the $0.64 consensus.
• The company authorized a $400 million share-repurchase plan, and its CEO and a director recently bought shares. Gentherm also paid a $1.90 special dividend in October.

Shares of Gentherm Inc (NASDAQ:THRM - Get Free Report) have received an average rating of "Hold" from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $43.57.

A number of analysts have issued reports on the company. Freedom Broker raised Gentherm from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a report on Tuesday, October 27th. Stifel Nicolaus cut their price target on Gentherm from $48.00 to $46.00 and set a "buy" rating for the company in a report on Friday, October 23rd. Freedom Capital lowered Gentherm from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. Zacks Research cut Gentherm from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 28th. Finally, Wall Street Zen downgraded shares of Gentherm from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th.

Gentherm Stock Performance

Shares of NASDAQ:THRM traded up $0.29 during trading on Friday, reaching $29.08. The stock had a trading volume of 477,192 shares, compared to its average volume of 1,661,698. The company has a quick ratio of 1.47, a current ratio of 2.05 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $32.58 and a two-hundred day simple moving average of $33.67. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 96.93, a P/E/G ratio of 1.12 and a beta of 1.45. Gentherm has a 52 week low of $25.31 and a 52 week high of $48.35.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Thursday, October 22nd. The auto parts company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.31). The firm had revenue of $405.10 million during the quarter, compared to the consensus estimate of $404.16 million. Gentherm had a return on equity of 10.30% and a net margin of 0.57%. The business's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 EPS. As a group, analysts anticipate that Gentherm will post 2.58 earnings per share for the current fiscal year.

Gentherm announced that its board has authorized a share buyback plan on Thursday, July 23rd that allows the company to buy back $400 million in outstanding shares. This repurchase authorization allows the auto parts company to reacquire up to 36.2% of its shares through open market purchases. Share repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Gentherm Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, October 7th. Stockholders of record on Monday, September 28th were paid a $1.90 dividend.

Insider Transactions at Gentherm

In other Gentherm news, CEO William Presley purchased 5,000 shares of the business's stock in a transaction on Friday, October 23rd. The stock was purchased at an average price of $26.00 per share, for a total transaction of $130,000.00. Following the completion of the purchase, the chief executive officer directly owned 183,314 shares in the company, valued at approximately $4,766,164. This trade represents a 2.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Anthony Mascarenas acquired 20,000 shares of the firm's stock in a transaction on Friday, October 23rd. The shares were bought at an average cost of $26.63 per share, for a total transaction of $532,600.00. Following the completion of the acquisition, the director directly owned 22,677 shares of the company's stock, valued at approximately $603,888.51. This represents a 747.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gentherm

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its holdings in Gentherm by 7.6% during the 3rd quarter. Empowered Funds LLC now owns 137,503 shares of the auto parts company's stock valued at $4,579,000 after purchasing an additional 9,682 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Gentherm in the third quarter valued at about $4,868,000. Ieq Capital LLC acquired a new position in Gentherm in the third quarter valued at about $205,000. Landscape Capital Management L.L.C. bought a new stake in Gentherm during the third quarter worth about $442,000. Finally, Intech Investment Management LLC grew its stake in Gentherm by 117.5% during the third quarter. Intech Investment Management LLC now owns 93,095 shares of the auto parts company's stock worth $3,100,000 after buying an additional 50,288 shares during the last quarter. Institutional investors own 97.13% of the company's stock.

About Gentherm

Gentherm Inc. develops and manufactures thermal management technologies for the automotive and medical industries. Its automotive products help regulate temperature and comfort in vehicle interiors, including heated and ventilated seating, heated steering wheels, and other climate-control systems. The company also provides temperature-management products for healthcare, including systems used to warm or cool patients in clinical settings. Gentherm serves automotive manufacturers and healthcare customers in markets around the world.

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