In yesterday’s Wall Street session, Garrett Motion Inc. (NASDAQ:GTX) shares traded at $7.44, down -0.40% from the previous session.
As of this writing, 1 analysts cover Garrett Motion Inc. (NASDAQ:GTX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $15.00, we find $15.00. Given the previous closing price of $7.47, this indicates a potential upside of 100.8 percent. GTX stock price is now -5.97% away from the 50-day moving average and -1.30% away from the 200-day moving average. The market capitalization of the company currently stands at $1.99B.
Brokers who have rated the stock have averaged $15.00 as their price target over the next twelve months.
With the price target of $15, BWS Financial recently initiated with Buy rating for Garrett Motion Inc. (NASDAQ: GTX).
In other news, BAUPOST GROUP LLC/MA, 10% Owner sold 1,025,000 shares of the company’s stock on Jun 15. The stock was sold for $7,738,750 at an average price of $7.55. Upon completion of the transaction, the 10% Owner now directly owns 26,570,589 shares in the company, valued at $197.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14, 10% Owner BAUPOST GROUP LLC/MA sold 3,100,000 shares of the business’s stock. A total of $23,963,000 was realized by selling the stock at an average price of $7.73. This leaves the insider owning 27,595,589 shares of the company worth $205.31 million. Insiders disposed of 429,294 shares of company stock worth roughly $3.19 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GTX stock. A new stake in Garrett Motion Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $533,000. PARADIGM CAPITAL MANAGEMENT INC/NY invested $424,000 in shares of GTX during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Garrett Motion Inc. valued at approximately $386,000. LEGAL & GENERAL GROUP PLC acquired a new stake in GTX for approximately $243,000. 683 CAPITAL MANAGEMENT, LLC purchased a new stake in GTX valued at around $202,000 in the second quarter. In total, there are 272 active investors with 85.20% ownership of the company’s stock.
Thursday morning saw Garrett Motion Inc. (NASDAQ: GTX) opened at $7.48. During the past 12 months, Garrett Motion Inc. has had a low of $5.57 and a high of $8.68. According to the stock market information, the enterprise value for the company is $2.89B, which is based on a 10.11 price-to-earnings ratio, a 1.19 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for GTX is $7.89 and a two-hundred day moving average price translates $7.55 for the stock.
The latest earnings results from Garrett Motion Inc. (NASDAQ: GTX) was released for Mar, 2023. According to the Auto Parts Company, earnings per share came in at $0.13, missing analysts’ expectations of $0.2 by -0.07. This compares to $1.36 EPS in the same period last year. The net profit margin was 1.30% and return on equity was -36.30% for GTX. The company reported revenue of $970.0 million for the quarter, compared to $901.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.66 percent. For the current quarter, analysts expect GTX to generate $982M in revenue.
Garrett Motion Inc.(GTX) Company Profile
Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers, as well as electrified vehicles; and provides automotive software solutions. It offers its products in the aftermarket through distributors. The company was incorporated in 2018 and is headquartered in Rolle, Switzerland.
