Shares of Garrett Motion Inc (NYSE:GTX) have received an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.50.
A number of equities research analysts have issued reports on GTX shares. Zacks Investment Research cut shares of Garrett Motion from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Barclays set a $16.00 target price on shares of Garrett Motion and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada set a $14.00 target price on shares of Garrett Motion and gave the company a “hold” rating in a report on Wednesday, July 31st.
GTX stock traded up $0.50 during midday trading on Tuesday, reaching $11.45. 540,900 shares of the company’s stock traded hands, compared to its average volume of 812,455. The company has a 50-day moving average price of $13.88 and a two-hundred day moving average price of $15.79. Garrett Motion has a 52 week low of $10.82 and a 52 week high of $22.00. The firm has a market capitalization of $817.10 million and a PE ratio of 2.83.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Doyle Wealth Management purchased a new position in shares of Garrett Motion during the 2nd quarter valued at $28,000. Stonebridge Capital Advisors LLC purchased a new position in shares of Garrett Motion during the 2nd quarter valued at $38,000. Versant Capital Management Inc grew its position in shares of Garrett Motion by 200.8% during the 1st quarter. Versant Capital Management Inc now owns 2,590 shares of the company’s stock valued at $38,000 after purchasing an additional 1,729 shares in the last quarter. Coastal Investment Advisors Inc. grew its position in shares of Garrett Motion by 1,550.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 3,795 shares of the company’s stock valued at $56,000 after purchasing an additional 3,565 shares in the last quarter. Finally, Rocky Mountain Advisers LLC purchased a new position in shares of Garrett Motion during the 2nd quarter valued at $60,000. Hedge funds and other institutional investors own 82.03% of the company’s stock.
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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