Gentherm (NASDAQ:THRM) Price Target Raised to $38.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised Gentherm's price target from $37.00 to $38.00, indicating a potential upside of 10.86% from the company's previous close.
• The stock currently holds a consensus rating of "Buy", with one "strong buy," three "buy," and one "hold" rating from analysts.
• Gentherm reported earnings of $0.54 per share, missing expectations, while quarterly revenue of $375.09 million exceeded analyst forecasts.

Gentherm (NASDAQ:THRM - Get Free Report) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $37.00 to $38.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the auto parts company's stock. JPMorgan Chase & Co.'s price target points to a potential upside of 10.86% from the company's previous close.

Several other research analysts have also commented on THRM. Robert W. Baird increased 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. Finally, Wall Street Zen raised Gentherm from a "hold" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $46.00.

Gentherm Stock Down 0.4%

THRM stock traded down $0.12 during midday trading on Monday, reaching $34.28. The company had a trading volume of 52,024 shares, compared to its average volume of 321,517. Gentherm has a 1 year low of $22.75 and a 1 year high of $56.68. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.06 billion, a P/E ratio of 33.60 and a beta of 1.42. The company has a 50 day moving average of $28.88 and a two-hundred day moving average of $30.36.

Gentherm (NASDAQ:THRM - Get Free Report) last released its earnings results 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 company 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 company earned $0.66 EPS. The firm's quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts expect that Gentherm will post 3.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gentherm

A number of institutional investors have recently modified their holdings of THRM. FNY Investment Advisers LLC bought a new position in shares of Gentherm in the first quarter valued at approximately $26,000. Versant Capital Management Inc bought a new position in shares of Gentherm in the first quarter valued at approximately $28,000. Parallel Advisors LLC raised its position in shares of Gentherm by 455.8% in the second quarter. Parallel Advisors LLC now owns 1,434 shares of the auto parts company's stock valued at $41,000 after purchasing an additional 1,176 shares during the period. GAMMA Investing LLC raised its position in shares of Gentherm by 332.4% in the first quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock valued at $56,000 after purchasing an additional 1,619 shares during the period. Finally, Quarry LP raised its position in shares of Gentherm by 226.8% in the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after purchasing an additional 1,218 shares during the period. 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.

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