Garrett Motion (NASDAQ:GTX – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at BWS Financial in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $42.00 target price on the stock. BWS Financial’s price objective suggests a potential upside of 37.41% from the company’s previous close.
Other analysts have also issued research reports about the company. Royal Bank Of Canada set a $42.00 price objective on Garrett Motion in a report on Thursday, May 21st. JPMorgan Chase & Co. boosted their target price on shares of Garrett Motion from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Zacks Research lowered shares of Garrett Motion from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft raised shares of Garrett Motion from a “hold” rating to a “buy” rating and increased their target price for the company from $33.00 to $36.00 in a research report on Thursday. Finally, Freedom Capital downgraded shares of Garrett Motion from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Garrett Motion has a consensus rating of “Moderate Buy” and a consensus price target of $37.80.
Garrett Motion Price Performance
Garrett Motion (NASDAQ:GTX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The firm had revenue of $976.00 million for the quarter. Garrett Motion had a net margin of 9.29% and a negative return on equity of 42.77%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. As a group, research analysts expect that Garrett Motion will post 1.81 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, SVP Thierry Mabru sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $33.00, for a total transaction of $2,310,000.00. Following the completion of the sale, the senior vice president owned 147,956 shares in the company, valued at $4,882,548. This trade represents a 32.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sean Deason sold 110,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $31.93, for a total transaction of $3,512,300.00. Following the transaction, the chief financial officer directly owned 261,909 shares of the company’s stock, valued at $8,362,754.37. The trade was a 29.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 213,834 shares of company stock valued at $6,918,710 in the last quarter. Corporate insiders own 1.10% of the company’s stock.
Institutional Trading of Garrett Motion
Several hedge funds have recently made changes to their positions in GTX. Comerica Bank grew its stake in Garrett Motion by 22.0% during the 4th quarter. Comerica Bank now owns 251,371 shares of the company’s stock worth $4,381,000 after purchasing an additional 45,370 shares in the last quarter. Wesbanco Bank Inc. grew its position in shares of Garrett Motion by 75.0% during the fourth quarter. Wesbanco Bank Inc. now owns 105,034 shares of the company’s stock worth $1,831,000 after buying an additional 45,000 shares in the last quarter. Smead Capital Management Inc. purchased a new stake in shares of Garrett Motion during the fourth quarter worth approximately $4,257,000. Norges Bank acquired a new stake in Garrett Motion in the fourth quarter valued at approximately $29,237,000. Finally, Carmel Capital Management L.L.C. acquired a new position in Garrett Motion during the 1st quarter worth approximately $5,719,000. Institutional investors and hedge funds own 86.27% of the company’s stock.
Garrett Motion News Summary
Here are the key news stories impacting Garrett Motion this week:
- Positive Sentiment: Q2 earnings beat expectations: Garrett reported $0.53 in adjusted earnings per share, above the $0.46 analyst consensus and up from $0.42 a year earlier. Revenue reached $976 million, increasing 6.9% year over year. Garrett Motion Q2 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Strong profitability and cash flow: Second-quarter net income was $101 million, while adjusted EBIT totaled $152 million. Operating cash flow was $145 million and adjusted free cash flow was $122 million, supporting the company’s financial flexibility. Garrett Motion Reports Strong Second Quarter 2026 Results
- Positive Sentiment: 2026 outlook raised: Management increased its full-year outlook and expects revenue of approximately $3.7 billion to $3.9 billion, compared with consensus expectations of $3.8 billion. New turbocharger, commercial-vehicle, industrial-compression and data-center genset awards also provide potential support for future growth.
- Positive Sentiment: Analyst upgrade: Deutsche Bank upgraded GTX from “hold” to “buy” and raised its price target from $33 to $36, signaling greater confidence in the company’s earnings outlook and suggesting further upside from recent trading levels. Deutsche Bank Upgrades Garrett Motion
- Neutral Sentiment: Quarterly dividend declared: Garrett announced a $0.08-per-share dividend payable September 15 to shareholders of record September 1. The annualized yield is approximately 1.1%, providing modest income support but unlikely to be a major near-term catalyst.
About Garrett Motion
Garrett Motion Inc is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company’s solutions are engineered to improve engine efficiency, reduce emissions and support automakers’ efforts to meet evolving regulatory standards for fuel economy and air quality.
Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies.
Further Reading
- Five stocks we like better than Garrett Motion
- Why NXP Semiconductors Could Be the AI Stock Everyone Is Missing
- Powering Up: NextEra and Brookfield Build an Off-Grid Empire
- DoorDash’s Drone Certification Could Reshape Its Delivery Margins
- 2 Unique Space ETFs That Could Upend the Industry
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.
