JPMorgan Chase & Co. Increases Gentherm (NASDAQ:THRM) Price Target to $43.00

Key Points

• JPMorgan Chase & Co. raised Gentherm's price target from $38.00 to $43.00, indicating a potential upside of 23.88% from its current stock price.
• Gentherm has received mixed ratings from analysts, with one research analyst giving it a Strong Buy, while others have assigned Hold and Sell ratings.
• The company's recent quarterly earnings showed a missed EPS estimate at $0.54, but it surpassed revenue expectations with $375.09 million.

Gentherm (NASDAQ:THRM - Get Free Report) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $38.00 to $43.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the auto parts company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 23.88% from the company's current price.

Several other analysts have also issued reports on the company. Robert W. Baird upped their target price on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. Zacks Research downgraded shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Wall Street Zen upgraded Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Gentherm in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Gentherm currently has an average rating of "Moderate Buy" and a consensus target price of $47.67.

Gentherm Stock Performance

Gentherm stock traded up $0.58 during midday trading on Monday, reaching $34.71. The stock had a trading volume of 132,558 shares, compared to its average volume of 291,346. The firm has a market capitalization of $1.06 billion, a PE ratio of 34.03 and a beta of 1.39. Gentherm has a 12 month low of $22.75 and a 12 month high of $47.00. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The firm's 50-day moving average price is $35.26 and its 200 day moving average price is $30.60.

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

Insider Transactions at Gentherm

In related news, SVP Barbara J. Runyon sold 3,348 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $34.82, for a total value of $116,577.36. Following the transaction, the senior vice president owned 31,316 shares in the company, valued at $1,090,423.12. The trade was a 9.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Gentherm

A number of institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its position in Gentherm by 1,609.1% in the 2nd quarter. Allworth Financial LP now owns 940 shares of the auto parts company's stock valued at $27,000 after acquiring an additional 885 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Gentherm by 16,716.7% during the second quarter. Hantz Financial Services Inc. now owns 1,009 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 1,003 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Gentherm by 295.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company's stock valued at $39,000 after buying an additional 1,019 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Gentherm by 455.8% during the second quarter. Parallel Advisors LLC now owns 1,434 shares of the auto parts company's stock valued at $41,000 after buying an additional 1,176 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Gentherm by 168.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,913 shares of the auto parts company's stock worth $54,000 after buying an additional 1,201 shares in the last quarter. 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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