Garrett Motion (NYSE:GTX) Stock Rating Reaffirmed by BWS Financial

Garrett Motion (NYSE:GTX)‘s stock had its “buy” rating reissued by equities researchers at BWS Financial in a report released on Friday, Benzinga reports. They presently have a $12.00 price target on the stock. BWS Financial’s price target would indicate a potential upside of 61.29% from the company’s previous close.

Garrett Motion Price Performance

NYSE:GTX opened at $7.44 on Friday. The firm has a market cap of $1.63 billion, a PE ratio of 7.37 and a beta of 1.15. The company has a 50-day moving average of $8.08 and a 200 day moving average of $8.65. Garrett Motion has a 1-year low of $6.93 and a 1-year high of $10.16.

Garrett Motion (NYSE:GTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The firm had revenue of $890.00 million during the quarter, compared to analysts’ expectations of $950.00 million. Garrett Motion had a net margin of 6.44% and a negative return on equity of 33.11%. During the same quarter in the prior year, the company earned ($1.88) EPS. Sell-side analysts anticipate that Garrett Motion will post 1.13 EPS for the current fiscal year.

Insider Buying and Selling at Garrett Motion

In other news, Director Julia Steyn sold 14,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $8.77, for a total value of $122,780.00. Following the completion of the transaction, the director now directly owns 53,781 shares of the company’s stock, valued at approximately $471,659.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP lifted its position in Garrett Motion by 54.8% during the second quarter. Quarry LP now owns 5,170 shares of the company’s stock valued at $44,000 after acquiring an additional 1,830 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Garrett Motion in the 2nd quarter worth $67,000. Caprock Group LLC acquired a new stake in shares of Garrett Motion in the 2nd quarter worth $103,000. SG Americas Securities LLC purchased a new position in Garrett Motion during the 2nd quarter worth $118,000. Finally, MBB Public Markets I LLC acquired a new position in Garrett Motion during the 2nd quarter valued at about $131,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Garrett Motion Company Profile

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.