Garrett Motion (GTX) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Garrett Motion in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GTX shares.
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1 brokers have issued 1 year price objectives for Garrett Motion's shares. Their GTX share price forecasts range from $15.00 to $15.00. On average, they predict the company's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 97.6% from the stock's current price.
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Garrett Motion's stock was trading at $7.62 at the beginning of the year. Since then, GTX shares have decreased by 0.4% and is now trading at $7.59.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our GTX earnings forecast.

Garrett Motion Inc. (NYSE:GTX) issued its quarterly earnings data on Thursday, July, 27th. The company reported ($1.88) EPS for the quarter, missing the consensus estimate of $0.23 by $2.11. The firm earned $1.01 billion during the quarter, compared to analysts' expectations of $982 million. Garrett Motion had a negative trailing twelve-month return on equity of 160.26% and a net margin of 9.65%.

Garrett Motion issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.84 billion-$4.03 billion, compared to the consensus revenue estimate of $3.98 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Garrett Motion investors own include CVS Health (CVS), Johnson & Johnson (JNJ), Resideo Technologies (REZI), Home Depot (HD), Procter & Gamble (PG), Verizon Communications (VZ), Cisco Systems (CSCO), RTX (RTX) and AT&T (T).

Garrett Motion trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTX."

Garrett Motion's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Centerbridge Partners L.P. (16.36%), Cyrus Capital Partners L.P. (13.48%), Baupost Group LLC MA (10.07%), Hawk Ridge Capital Management LP (2.60%), Keyframe Capital Partners L.P. (1.99%) and Lonestar Capital Management LLC (1.21%). Insiders that own company stock include Baupost Group Llc/Ma, Cyrus Capital Partners, LP, Daniel A Ninivaggi, Fabrice Spenninck, Olivier Rabiller, Philip Andrew Smith and Value Master Fund Lp Attestor.
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Shares of GTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GTX stock can currently be purchased for approximately $7.59.

Garrett Motion (NYSE:GTX) has a market capitalization of $1.96 billion and generates $3.60 billion in revenue each year. The company earns $390 million in net income (profit) each year or ($1.31) on an earnings per share basis.

The company employs 9,300 workers across the globe.

Garrett Motion's mailing address is LA PIECE 16, ROLLE V8, 1180. The official website for the company is www.garrettmotion.com. The company can be reached via phone at (121) 695-3000 or via email at investorrelations@garrettmotion.com.