Gentherm (NASDAQ:THRM) Stock Rating Upgraded by Wall Street Zen

Key Points

• Gentherm's stock rating has been upgraded from "hold" to "buy" by Wall Street Zen, with a consensus rating of "Buy" and an average price target of $50.33.
• The company's quarterly earnings missed expectations, reporting $0.54 EPS against a consensus estimate of $0.59, despite revenue exceeding forecasts at $375.09 million.
• Institutional investors hold 97.13% of Gentherm's stock, with significant stakes recently acquired by firms such as Cerity Partners LLC and GAMMA Investing LLC.

Gentherm (NASDAQ:THRM - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other research analysts have also commented on the company. Baird R W upgraded Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Robert W. Baird boosted their price target on shares of Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, July 11th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $50.33.

Gentherm Stock Up 4.7%

Shares of THRM opened at $34.40 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.49 and a current ratio of 2.01. The company has a 50-day simple moving average of $28.88 and a 200-day simple moving average of $30.49. Gentherm has a 52 week low of $22.75 and a 52 week high of $56.68. The firm has a market capitalization of $1.06 billion, a P/E ratio of 33.73 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $375.09 million during the quarter, compared to analyst estimates of $358.09 million. During the same period last year, the company earned $0.66 EPS. The company's revenue was down .2% on a year-over-year basis. On average, equities research analysts expect that Gentherm will post 3.1 earnings per share for the current year.

Institutional Investors Weigh In On Gentherm

A number of institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC lifted its position in shares of Gentherm by 89.9% during the 1st quarter. Cerity Partners LLC now owns 52,505 shares of the auto parts company's stock worth $1,404,000 after buying an additional 24,857 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Gentherm by 12.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company's stock worth $424,000 after acquiring an additional 1,676 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Gentherm by 11,463.4% during the first quarter. GAMMA Investing LLC now owns 56,314 shares of the auto parts company's stock valued at $1,506,000 after acquiring an additional 55,827 shares during the period. Deutsche Bank AG lifted its holdings in shares of Gentherm by 23.0% during the fourth quarter. Deutsche Bank AG now owns 54,483 shares of the auto parts company's stock valued at $2,176,000 after acquiring an additional 10,192 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Gentherm by 22.0% in the 4th quarter. Bank of America Corp DE now owns 140,869 shares of the auto parts company's stock valued at $5,624,000 after purchasing an additional 25,432 shares in the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

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.