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

Garrett Motion Inc (NYSE:GTX) – Research analysts at Jefferies Financial Group issued their FY2018 earnings per share (EPS) estimates for Garrett Motion in a research report issued on Monday, December 3rd. Jefferies Financial Group analyst D. Kelley forecasts that the company will earn $16.02 per share for the year. Jefferies Financial Group currently has a “Hold” rating and a $13.00 target price 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.

GTX has been the topic of a number of other research reports. Royal Bank of Canada began coverage on Garrett Motion in a research note on Monday, October 1st. They issued an “underperform” rating and a $14.00 target price on the stock. Bank of America began coverage on 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 set a $15.00 target price on Garrett Motion and gave the stock a “hold” rating in a research note on Tuesday, November 6th. UBS Group began coverage on Garrett Motion in a research note on Friday, November 2nd. They issued a “sell” rating on the stock. Finally, Zacks Investment Research downgraded Garrett Motion from a “hold” rating to a “sell” rating in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Garrett Motion presently has a consensus rating of “Sell” and an average target price of $14.25.

Shares of GTX opened at $11.56 on Thursday. Garrett Motion has a 52 week low of $11.01 and a 52 week high of $22.00.

A number of hedge funds have recently modified their holdings of GTX. Massachusetts Financial Services Co. MA purchased a new position in Garrett Motion during the third quarter worth approximately $30,090,000. America First Investment Advisors LLC purchased a new position in Garrett Motion during the third quarter worth approximately $6,114,000. Paloma Partners Management Co purchased a new position in Garrett Motion during the third quarter worth approximately $3,192,000. Bank of New York Mellon Corp purchased a new position in Garrett Motion during the third quarter worth approximately $2,225,000. Finally, JPMorgan Chase & Co. purchased a new position in Garrett Motion during the third quarter worth approximately $1,890,000. 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.

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

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