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Barrington Initiates Coverage On Gentherm; Sees Growth Potential

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In a research note released Wednesday, Barrington analyst Adam Michael initiated coverage on Gentherm Incorporated (NASDAQ: THRM) with a Market Perform rating and a price target range of $45.0 to $50.0.

The analyst believes that Gentherm has potential to grow significantly as currently only 20 percent of all vehicles produces worldwide have some form of seat or interior comfort.

Some potential catalysts for Gentherm include vehicles sales growth on a macro level, increased proliferation of seat comfort and interior comfort products by OEMs as well as increases in the dollar content of Gentherm's products per vehicle produced.

the analyst is also estimating growth in revenue at 10 percent and a gross margin of 28 percent in 2014. Gross margins in 2013 stood at 26.4 percent.

As for guidance, the analyst has issued estimated fro 2014 and 2015 at $1.58 and $1.85, respectively.

Posted-In: Adam Michael BarringtonAnalyst Color Initiation Analyst Ratings


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