Jefferies Financial Group started coverage on shares of Garrett Motion (NYSE:GTX) in a research report released on Tuesday, MarketBeat reports. The brokerage issued 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, FY2018 earnings at $16.02 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.

A number of other research firms have also recently weighed in on GTX. 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 price objective on the stock. Barclays began coverage on shares of Garrett Motion in a report on Tuesday, October 9th. They set an equal weight rating and a $16.00 price objective on the stock. UBS Group began coverage on shares of Garrett Motion in a report on Friday, November 2nd. They set a sell rating on the stock. Finally, 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 price objective on the stock. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company presently has an average rating of Sell and an average price target of $14.25.

GTX stock opened at $11.56 on Tuesday. Garrett Motion has a twelve month low of $11.01 and a twelve month high of $22.00.

Institutional investors have recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new position in shares of Garrett Motion in the 3rd quarter valued at $273,000. Baird Financial Group Inc. acquired a new position in shares of Garrett Motion in the 3rd quarter valued at $342,000. FNY Investment Advisers LLC acquired a new position in shares of Garrett Motion in the 3rd quarter valued at $450,000. Allianz Asset Management GmbH acquired a new position in shares of Garrett Motion in the 3rd quarter valued at $571,000. Finally, Thornburg Investment Management Inc. acquired a new position in shares of Garrett Motion in the 3rd quarter valued at $694,000. 8.29% of the stock is currently owned by institutional investors and hedge funds.

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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