In a report released today, Christopher Van Horn from B.Riley FBR reiterated a Buy rating on Gentherm (THRM), with a price target of $55. The company’s shares closed yesterday at $39.
Van Horn said:
“Gentherm (THRM) continues to outperform underlying production rates while award activity remains strong, despite facing macro automotive headwinds. The company’s fit-for-growth initiative continues to provide tailwinds to the margin profile while new awards for battery thermal management and CCS active seats are exceeding expectations. We believe the continued focus on new business opportunities sets the company up for robust secular growth through 2021, and likely beyond. In addition, we view the company’s climate-sense technology as a significant opportunity, particularly for the electric vehicle market, as well as traditional automotive applications.”
According to TipRanks.com, Horn is a 3-star analyst with an average return of 1.3% and a 48.2% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Standard Motor Products, Cooper Tire Rubber, and Dorman Products.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gentherm with a $45 average price target, representing a 15.4% upside. In a report issued on July 22, Barrington also maintained a Buy rating on the stock with a $50 price target.
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Gentherm’s market cap is currently $1.31B and has a P/E ratio of 36.88. The company has a Price to Book ratio of 2.74.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock.
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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 and Industrial..
