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

Garrett Motion (NYSE:GTX - Get Free Report)'s stock had its "buy" rating reissued by analysts at BWS Financial in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $12.00 price target on the stock. BWS Financial's price target would suggest a potential upside of 61.29% from the company's previous close.

Garrett Motion Stock Up 0.7 %

NYSE GTX traded up $0.05 during trading hours on Friday, hitting $7.44. 878,888 shares of the company were exchanged, compared to its average volume of 934,551. The company has a 50 day moving average of $8.09 and a two-hundred day moving average of $8.68. Garrett Motion has a 52-week low of $6.93 and a 52-week high of $10.16. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -6.47 and a beta of 1.15.

Garrett Motion (NYSE:GTX - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $890.00 million during the quarter, compared to analysts' expectations of $950.00 million. Garrett Motion had a negative return on equity of 33.11% and a net margin of 6.44%. During the same period in the prior year, the firm posted ($1.88) EPS. On average, equities research analysts predict that Garrett Motion will post 1.13 EPS for the current year.

Insider Buying and Selling at Garrett Motion

In other Garrett Motion news, Director Julia Steyn sold 14,000 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $8.77, for a total transaction of $122,780.00. Following the completion of the sale, the director now directly owns 53,781 shares of the company's stock, valued at $471,659.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Garrett Motion

A number of large investors have recently modified their holdings of GTX. Quarry LP increased its stake in Garrett Motion by 54.8% in the 2nd quarter. Quarry LP now owns 5,170 shares of the company's stock valued at $44,000 after purchasing an additional 1,830 shares in the last quarter. nVerses Capital LLC purchased a new position in Garrett Motion in the 2nd quarter valued at approximately $67,000. Caprock Group LLC purchased a new position in Garrett Motion in the 2nd quarter valued at approximately $103,000. SG Americas Securities LLC purchased a new position in Garrett Motion in the 2nd quarter valued at approximately $118,000. Finally, MBB Public Markets I LLC purchased a new position in Garrett Motion in the 2nd quarter valued at approximately $131,000. 86.27% of the stock is owned by hedge funds and other institutional investors.

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.