Shares of Garrett Motion Inc (NYSE:GTX) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $14.20.

A number of equities analysts have commented on the stock. Bank of America assumed coverage on shares of Garrett Motion in a research note on Tuesday, October 2nd. They issued an “underperform” rating and a $15.00 target price on the stock. Barclays started coverage on shares of Garrett Motion in a research note on Tuesday, October 9th. They issued an “equal weight” rating and a $16.00 target price on the stock. UBS Group started coverage on shares of Garrett Motion in a research note on Friday, November 2nd. They set a “sell” rating on the stock. Royal Bank of Canada upgraded shares of Garrett Motion from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $11.00 to $15.00 in a research note on Wednesday. Finally, Desjardins downgraded shares of Garrett Motion to a “buy” rating in a research note on Wednesday.

Shares of GTX stock opened at $15.02 on Friday. Garrett Motion has a one year low of $11.01 and a one year high of $22.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lenox Wealth Management Inc. bought a new position in shares of Garrett Motion during the fourth quarter valued at approximately $89,000. TCI Wealth Advisors Inc. bought a new position in shares of Garrett Motion during the fourth quarter valued at approximately $30,000. Ipswich Investment Management Co. Inc. bought a new position in shares of Garrett Motion during the fourth quarter valued at approximately $33,000. CENTRAL TRUST Co bought a new position in shares of Garrett Motion during the fourth quarter valued at approximately $97,000. Finally, BTIM Corp. bought a new position in shares of Garrett Motion during the fourth quarter valued at approximately $131,000. Hedge funds and other institutional investors own 8.48% of the company’s stock.

Garrett Motion Company Profile

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.

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Analyst Recommendations for Garrett Motion (NYSE:GTX)

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