Gentherm (NASDAQ:THRM) Price Target Cut to $27.00 by Analysts at Robert W. Baird

Gentherm (NASDAQ:THRM) had its target price reduced by Robert W. Baird from $39.00 to $27.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

THRM has been the topic of a number of other research reports. StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

Gentherm Stock Up 3.0 %

Shares of NASDAQ THRM opened at $24.39 on Tuesday. The stock has a market capitalization of $750.94 million, a P/E ratio of 11.78 and a beta of 1.46. The stock’s fifty day moving average is $29.89 and its 200 day moving average is $37.17. Gentherm has a 52 week low of $22.75 and a 52 week high of $56.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01.

Gentherm (NASDAQ:THRM) last issued its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.39). The firm had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. Gentherm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Sell-side analysts forecast that Gentherm will post 3.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gentherm

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of Gentherm during the first quarter valued at about $26,000. Bouvel Investment Partners LLC acquired a new stake in Gentherm during the 1st quarter worth approximately $739,000. Palouse Capital Management Inc. grew its holdings in Gentherm by 65.4% during the 1st quarter. Palouse Capital Management Inc. now owns 5,930 shares of the auto parts company’s stock worth $159,000 after acquiring an additional 2,345 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Gentherm by 25.0% during the first quarter. Handelsbanken Fonder AB now owns 13,016 shares of the auto parts company’s stock valued at $348,000 after acquiring an additional 2,600 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Gentherm by 22.9% during the first quarter. SG Americas Securities LLC now owns 17,291 shares of the auto parts company’s stock worth $462,000 after purchasing an additional 3,223 shares during the period. 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.