Shares of Garrett Motion Inc (NYSE:GTX) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $8.14.
A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Zacks Investment Research upgraded shares of Garrett Motion from a “hold” rating to a “strong-buy” rating and set a $6.00 target price on the stock in a research note on Wednesday, July 15th. Jefferies Financial Group restated a “hold” rating and issued a $6.00 target price on shares of Garrett Motion in a research note on Wednesday, June 17th. Finally, Barclays upped their target price on shares of Garrett Motion from $5.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th.
Garrett Motion stock traded down $0.27 during midday trading on Tuesday, reaching $5.88. The stock had a trading volume of 1,336,751 shares, compared to its average volume of 1,076,414. Garrett Motion has a 52-week low of $2.50 and a 52-week high of $14.52. The firm has a market cap of $444.45 million, a price-to-earnings ratio of 2.06 and a beta of 3.52. The company has a fifty day moving average of $5.77 and a 200 day moving average of $5.97.
Several hedge funds and other institutional investors have recently bought and sold shares of GTX. Kingstown Capital Management L.P. purchased a new position in shares of Garrett Motion during the first quarter worth $5,720,000. Morgan Stanley grew its position in shares of Garrett Motion by 177.4% in the first quarter. Morgan Stanley now owns 1,559,253 shares of the company’s stock valued at $4,460,000 after purchasing an additional 997,151 shares during the period. State Street Corp grew its position in shares of Garrett Motion by 26.6% in the first quarter. State Street Corp now owns 1,336,592 shares of the company’s stock valued at $3,823,000 after purchasing an additional 280,778 shares during the period. America First Investment Advisors LLC grew its position in shares of Garrett Motion by 2.9% in the second quarter. America First Investment Advisors LLC now owns 1,237,694 shares of the company’s stock valued at $6,857,000 after purchasing an additional 34,505 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Garrett Motion by 169.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,112,948 shares of the company’s stock worth $11,118,000 after acquiring an additional 699,685 shares during the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.
About Garrett Motion
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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