Garrett Motion (NYSE:GTX – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at BWS Financial in a report issued on Thursday, Benzinga reports. They currently have a $12.00 price objective on the stock. BWS Financial’s target price points to a potential upside of 48.15% from the company’s current price.
Garrett Motion Stock Performance
Shares of GTX stock opened at $8.10 on Thursday. Garrett Motion has a one year low of $6.43 and a one year high of $10.16. The company has a 50 day moving average price of $8.40 and a 200 day moving average price of $8.97. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -7.04 and a beta of 1.15.
Garrett Motion (NYSE:GTX – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. Garrett Motion had a net margin of 6.44% and a negative return on equity of 33.11%. The firm had revenue of $890.00 million during the quarter, compared to analyst estimates of $950.00 million. During the same quarter in the prior year, the business posted ($1.88) earnings per share. As a group, equities analysts forecast that Garrett Motion will post 1.17 EPS for the current fiscal year.
Insiders Place Their Bets
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in GTX. Quarry LP boosted its stake in shares of Garrett Motion by 54.8% in the second quarter. Quarry LP now owns 5,170 shares of the company’s stock valued at $44,000 after purchasing an additional 1,830 shares during the period. nVerses Capital LLC purchased a new position in shares of Garrett Motion in the second quarter valued at $67,000. Caprock Group LLC purchased a new position in shares of Garrett Motion in the second quarter valued at $103,000. SG Americas Securities LLC purchased a new position in shares of Garrett Motion in the second quarter valued at $118,000. Finally, MBB Public Markets I LLC purchased a new position in shares of Garrett Motion in the second quarter valued at $131,000. 86.27% of the stock is currently owned by hedge funds and other institutional investors.
About Garrett Motion
Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors worldwide. The company offers cutting-edge technology for the mobility and industrial space, including light vehicles, commercial vehicles, and industrial applications.
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