GTX has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Garrett Motion from a buy rating to a hold rating in a research note on Tuesday, October 22nd. Barclays reaffirmed a hold rating and issued a $11.00 target price on shares of Garrett Motion in a research note on Wednesday, November 13th. Morgan Stanley began coverage on shares of Garrett Motion in a research note on Tuesday, September 10th. They issued an underweight rating and a $8.00 target price on the stock. Bank of America raised shares of Garrett Motion from an underperform rating to a neutral rating and set a $22.00 target price on the stock in a research note on Friday, September 13th. Finally, UBS Group lowered their target price on shares of Garrett Motion from $12.00 to $9.00 and set a sell rating on the stock in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $13.14.
Shares of GTX opened at $9.73 on Monday. The firm’s 50 day simple moving average is $10.54 and its 200 day simple moving average is $12.20. The company has a market capitalization of $868.73 million, a P/E ratio of 2.40 and a beta of 1.67. Garrett Motion has a 1-year low of $8.46 and a 1-year high of $19.71.
In other Garrett Motion news, SVP Fabrice Spenninck sold 6,012 shares of Garrett Motion stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.73, for a total transaction of $70,520.76. Company insiders own 0.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Doyle Wealth Management purchased a new position in shares of Garrett Motion during the second quarter worth approximately $28,000. Stonebridge Capital Advisors LLC purchased a new position in shares of Garrett Motion in the second quarter worth $38,000. Public Employees Retirement System of Ohio increased its stake in shares of Garrett Motion by 33.3% in the third quarter. Public Employees Retirement System of Ohio now owns 5,428 shares of the company’s stock worth $54,000 after buying an additional 1,357 shares during the period. Coastal Investment Advisors Inc. increased its stake in shares of Garrett Motion by 1,550.0% in the second quarter. Coastal Investment Advisors Inc. now owns 3,795 shares of the company’s stock worth $56,000 after buying an additional 3,565 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Garrett Motion by 69.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,360 shares of the company’s stock worth $98,000 after buying an additional 2,613 shares during the period. 80.90% of the stock is currently owned by hedge funds and other institutional investors.
Garrett Motion Company Profile
Garrett Motion Inc designs, manufactures, and sells turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers. Its integrated vehicle health management tools detect intermittent faults and anomalies to provide understanding of the real-time health of a vehicle system.
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