In a report released today, Christopher Van Horn from B.Riley FBR reiterated a Buy rating on Gentherm (NASDAQ: THRM). The company’s shares closed yesterday at $47.85, close to its 52-week high of $49.80.
Van Horn commented:
“We recently traveled with Gentherm (THRM) management and we continue to believe that THRM shares remain undervalued relative to potential growth opportunities in the company’s automotive products lineup including climate controlled seats/steering wheels, battery thermal management, and other related products. The company’s strategic vision involves divesting non-core assets while accelerating growth in its core automotive business and expanding margins, and in our estimation the company could pursue a bolt on technology acquisition at some point. Overall, THRM remains one of the more interesting names within the automotive sector, in our view, given its higher-than-average margins and its exposure to secular growth opportunities.”
According to TipRanks.com, Horn is a 4-star analyst with an average return of 8.4% and a 56.8% success rate. Horn covers the Industrial Goods sector, focusing on stocks such as Superior Industries International, Tower International, and Park-Ohio Holdings.
Gentherm has an analyst consensus of Moderate Buy, with a price target consensus of $46.60.
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The company has a one-year high of $49.80 and a one-year low of $30.18. Currently, Gentherm has an average volume of 255.4K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of THRM in relation to earlier this year.
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Gentherm, Inc. engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive, Industrial, and Reconciling Items.
