Gentherm (NASDAQ:THRM) Lowered to Hold Rating by Zacks Research

Key Points

• Gentherm has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, reflecting a shift in analysts' outlook on the stock.
• Despite the downgrade, some analysts, including those from JPMorgan Chase & Co. and Robert W. Baird, have raised price targets and given the stock ratings ranging from "buy" to "outperform."
• Gentherm's recent earnings report showed a miss on EPS estimates, reporting $0.54 compared to the expected $0.59, with year-over-year revenue showing a slight decline.

Gentherm (NASDAQ:THRM - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms also recently weighed in on THRM. JPMorgan Chase & Co. raised their price target on Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen upgraded Gentherm from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Baird R W upgraded shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Finally, Robert W. Baird upped their price objective on shares of Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Gentherm Stock Performance

Gentherm stock opened at $34.67 on Wednesday. The firm's 50 day simple moving average is $31.31 and its 200 day simple moving average is $29.76. The firm has a market capitalization of $1.06 billion, a PE ratio of 33.99 and a beta of 1.45. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. Gentherm has a 1-year low of $22.75 and a 1-year high of $51.73.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.54 earnings per share (EPS) 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 last year, the business posted $0.66 EPS. The company's quarterly revenue was down .2% on a year-over-year basis. Gentherm has set its FY 2025 guidance at EPS. As a group, analysts expect that Gentherm will post 3.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gentherm

Hedge funds have recently bought and sold shares of the business. State of Wyoming lifted its stake in Gentherm by 74.2% during the 2nd quarter. State of Wyoming now owns 6,752 shares of the auto parts company's stock valued at $191,000 after acquiring an additional 2,877 shares during the period. Westwood Holdings Group Inc. raised its holdings in shares of Gentherm by 4.9% during the second quarter. Westwood Holdings Group Inc. now owns 24,635 shares of the auto parts company's stock valued at $697,000 after purchasing an additional 1,141 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Gentherm by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 105,505 shares of the auto parts company's stock valued at $2,985,000 after purchasing an additional 7,251 shares during the last quarter. Headlands Technologies LLC lifted its position in Gentherm by 30.1% during the second quarter. Headlands Technologies LLC now owns 11,932 shares of the auto parts company's stock valued at $338,000 after purchasing an additional 2,760 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Gentherm by 9.5% in the second quarter. CANADA LIFE ASSURANCE Co now owns 27,908 shares of the auto parts company's stock worth $790,000 after purchasing an additional 2,419 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

About Gentherm

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.