Gentherm (NASDAQ:THRM) Cut to Hold at Wall Street Zen

Key Points

• Gentherm's stock was downgraded by Wall Street Zen from a buy rating to a hold rating, raising concerns among investors.
• Despite the downgrade, Robert W. Baird increased the price target for Gentherm shares from $28.00 to $35.00, indicating a potential outperform outlook.
• The company reported earnings of $0.54 per share for the last quarter, which was below analysts' expectations, while revenue was down 0.2% year-over-year at $375.09 million.

Gentherm (NASDAQ:THRM - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Several other equities research analysts have also issued reports on the stock. Robert W. Baird raised their price target on shares of Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. Baird R W upgraded shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Zacks Research cut shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $36.51 on Friday. Gentherm has a twelve month low of $22.75 and a twelve month high of $51.73. The stock's 50 day moving average price is $31.49 and its 200-day moving average price is $29.76. The company has a market capitalization of $1.11 billion, a PE ratio of 35.79 and a beta of 1.45. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). Gentherm had a return on equity of 9.90% and a net margin of 2.18%.The business had revenue of $375.09 million during the quarter, compared to analysts' expectations of $358.09 million. During the same quarter in the previous year, the firm earned $0.66 EPS. Gentherm's quarterly revenue was down .2% on a year-over-year basis. Gentherm has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Gentherm will post 3.1 EPS for the current year.

Institutional Trading of Gentherm

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank boosted its stake in Gentherm by 1.4% in the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock worth $839,000 after buying an additional 300 shares in the last quarter. US Bancorp DE boosted its stake in Gentherm by 20.2% in the first quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock worth $90,000 after buying an additional 565 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Gentherm by 3.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 20,247 shares of the auto parts company's stock worth $573,000 after buying an additional 631 shares in the last quarter. Rhumbline Advisers increased its stake in Gentherm by 0.7% in the 1st quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company's stock worth $2,444,000 after purchasing an additional 656 shares during the period. Finally, Barclays PLC increased its stake in Gentherm by 1.4% in the 4th quarter. Barclays PLC now owns 62,346 shares of the auto parts company's stock worth $2,489,000 after purchasing an additional 880 shares during the period. Hedge funds and other institutional investors own 97.13% of the company's stock.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.

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