Analysts Issue Forecasts for Garrett Motion Inc’s FY2018 Earnings (GTX)

Garrett Motion Inc (NYSE:GTX) – Equities researchers at Jefferies Financial Group issued their FY2018 earnings per share estimates for Garrett Motion in a research note issued on Monday, December 3rd. Jefferies Financial Group analyst D. Kelley forecasts that the company will post earnings per share of $16.02 for the year. Jefferies Financial Group currently has a “Hold” rating and a $13.00 price target on the stock. Jefferies Financial Group also issued estimates for Garrett Motion’s Q4 2018 earnings at $0.67 EPS, Q1 2019 earnings at $0.86 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $0.80 EPS, Q4 2019 earnings at $0.87 EPS, FY2019 earnings at $3.46 EPS, Q1 2020 earnings at $1.08 EPS, Q2 2020 earnings at $1.08 EPS, Q3 2020 earnings at $0.94 EPS and FY2020 earnings at $4.10 EPS.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada began coverage on shares of Garrett Motion in a report on Monday, October 1st. They set an “underperform” rating and a $14.00 target price for the company. Zacks Investment Research cut shares of Garrett Motion from a “hold” rating to a “sell” rating in a report on Thursday. Barclays set a $15.00 target price on shares of Garrett Motion and gave the stock a “hold” rating in a report on Tuesday, November 6th. UBS Group began coverage on shares of Garrett Motion in a report on Friday, November 2nd. They set a “sell” rating for the company. Finally, Bank of America began coverage on shares of Garrett Motion in a report on Tuesday, October 2nd. They set an “underperform” rating and a $15.00 target price for the company. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Garrett Motion currently has an average rating of “Sell” and an average price target of $14.25.



Shares of GTX opened at $11.56 on Thursday. Garrett Motion has a 12 month low of $11.01 and a 12 month high of $22.00.

A number of hedge funds have recently made changes to their positions in GTX. Marshall Wace North America L.P. acquired a new stake in Garrett Motion in the third quarter valued at $273,000. Baird Financial Group Inc. bought a new position in shares of Garrett Motion in the third quarter valued at about $342,000. FNY Investment Advisers LLC bought a new position in shares of Garrett Motion in the third quarter valued at about $449,000. Allianz Asset Management GmbH bought a new position in shares of Garrett Motion in the third quarter valued at about $571,000. Finally, Thornburg Investment Management Inc. bought a new position in shares of Garrett Motion in the third quarter valued at about $694,000. Hedge funds and other institutional investors own 8.29% of the company’s stock.

About Garrett Motion

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 was incorporated in 2018 and is headquartered in Rolle, Switzerland.

Featured Story: Book Value Of Equity Per Share – BVPS Explained

Earnings History and Estimates for Garrett Motion (NYSE:GTX)

Receive News & Ratings for Garrett Motion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garrett Motion and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply