Garrett Motion (GTX) Given a $15.00 Price Target by Barclays Analysts

Garrett Motion (NYSE:GTX) received a $15.00 target price from Barclays in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the stock. Barclays’ target price points to a potential upside of 1.56% from the company’s current price.

GTX has been the topic of a number of other reports. Royal Bank of Canada assumed coverage on Garrett Motion in a report on Monday, October 1st. They set an “underperform” rating and a $14.00 price target on the stock. Bank of America assumed coverage on Garrett Motion in a report on Tuesday, October 2nd. They set an “underperform” rating and a $15.00 price target on the stock. Finally, UBS Group assumed coverage on Garrett Motion in a report on Friday, November 2nd. They set a “sell” rating on the stock.

Shares of NYSE:GTX opened at $14.77 on Tuesday. Garrett Motion has a 12-month low of $13.33 and a 12-month high of $22.00.

Institutional investors and hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of Garrett Motion in the third quarter valued at $449,000. Thornburg Investment Management Inc. bought a new stake in shares of Garrett Motion in the third quarter valued at $694,000. Strs Ohio bought a new stake in shares of Garrett Motion in the third quarter valued at $1,385,000. America First Investment Advisors LLC bought a new stake in shares of Garrett Motion in the third quarter valued at $6,114,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Garrett Motion in the third quarter valued at $30,090,000. Hedge funds and other institutional investors own 2.78% 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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