Gentherm Inc (THRM) is Upgraded by FBR & Co. to Outperform, Price Target at $42

Gentherm Inc (THRM) was Upgraded by FBR & Co. to ” Outperform” and the brokerage firm has set the Price Target at $42. Earlier the firm had a rating of “Mkt Perform ” on the company shares. FBR & Co. advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on Gentherm Inc. Gentherm Inc was Downgraded by Argus to ” Hold” on Sep 23, 2016. Shares were Reiterated by FBR Capital on Jul 29, 2016 to “Mkt Perform” and Lowered the Price Target to $ 42 from a previous price target of $49 .Gentherm Inc was Downgraded by ROTH Capital to ” Neutral” on Jul 29, 2016.

On the company’s financial health, Gentherm Inc reported $0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.64. The company had revenue of $232.72 million for the quarter, compared to analysts expectations of $239.89 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Gentherm Inc closed down -0.85 points or -2.74% at $30.21 with 2,11,375 shares getting traded on Tuesday. Post opening the session at $30.97, the shares hit an intraday low of $29.79 and an intraday high of $30.97 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 15, 2016, Erin Erwine Ascher (VP Talent Devlopment CHRO) sold 1,009 shares at $36.89 per share price. According to the SEC, on Jun 6, 2016, Darren Schumacher (VP Product Development) sold 16,011 shares at $37.74 per share price. On Mar 2, 2016, Barry G Steele (CFO/VP Finance/Treasurer) sold 20,000 shares at $49.58 per share price, according to the Form-4 filing with the securities and exchange commission.

Gentherm Incorporated (Gentherm) is engaged in the design development and manufacturing of thermal management technologies. The Company’s segments are: Automotive Industrial. The Automotive segment represents Gentherm’s three geographic operating segments: North America Europe and Asia. The Automotive segment includes automotive seat comfort systems specialized automotive cable systems and other automotive and non-automotive thermal convenience products. The Industrial segment includes Gentherm Global Power Technologies (GPT) and Gentherm’s advanced research and product development division. The advanced research and product development division is engaged in projects to improve the efficiency of thermal management technologies and to develop market and distribute products based on these new technologies.

Gentherm Inc

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