Gentherm (NASDAQ:THRM) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

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 target price upped by investment analysts at JPMorgan Chase & Co. from $37.00 to $38.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the auto parts company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 18.60% from the company's current price.

Several other research firms also recently commented on THRM. Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Finally, 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. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $46.00.

Gentherm Price Performance

THRM traded down $0.55 during trading on Monday, reaching $32.04. 310,383 shares of the company traded hands, compared to its average volume of 323,508. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 2.01. Gentherm has a 12-month low of $22.75 and a 12-month high of $56.68. The firm has a fifty day simple moving average of $29.26 and a 200 day simple moving average of $30.38. The company has a market cap of $977.86 million, a P/E ratio of 31.41 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The business had revenue of $375.09 million for the quarter, compared to the consensus estimate of $358.09 million. During the same quarter last year, the business earned $0.66 EPS. Gentherm's revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts forecast that Gentherm will post 3.1 EPS for the current year.

Institutional Trading of Gentherm

A number of institutional investors have recently modified their holdings of THRM. FNY Investment Advisers LLC acquired a new stake in Gentherm in the 1st quarter worth approximately $26,000. Versant Capital Management Inc acquired a new stake in Gentherm in the 1st quarter worth approximately $28,000. Nisa Investment Advisors LLC boosted its stake in Gentherm by 295.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company's stock worth $39,000 after purchasing an additional 1,019 shares in the last quarter. Parallel Advisors LLC boosted its stake in Gentherm by 455.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,434 shares of the auto parts company's stock worth $41,000 after purchasing an additional 1,176 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Gentherm by 332.4% during the 1st quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock valued at $56,000 after acquiring an additional 1,619 shares during the period. 97.13% of the stock is currently owned by institutional investors.

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.