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Garrett Motion Inc. (NYSE:GTX – Get Score) – Inventory analysts at BWS Economic diminished their Q3 2023 EPS estimates for Garrett Motion in a research observe issued on Wednesday, February 15th. BWS Money analyst H. Khorsand now forecasts that the enterprise will gain $.23 for every share for the quarter, down from their prior forecast of $.28. BWS Financial has a “Obtain” rating and a $15.00 rate aim on the stock. The consensus estimate for Garrett Motion’s existing whole-year earnings is $1.13 for each share. BWS Fiscal also issued estimates for Garrett Motion’s Q4 2023 earnings at $.25 EPS, Q1 2024 earnings at $.24 EPS, Q2 2024 earnings at $.28 EPS, Q3 2024 earnings at $.28 EPS, Q4 2024 earnings at $.29 EPS and FY2024 earnings at $1.09 EPS.
Garrett Movement Stock Effectiveness
Shares of Garrett Movement stock opened at $8.24 on Friday. Garrett Movement has a just one yr low of $5.57 and a just one calendar year superior of $8.65. The firm has a industry cap of $534.12 million, a PE ratio of 11.24 and a beta of 1.31. The business enterprise has a 50-working day straightforward going regular of $7.83 and a 200-day very simple going common of $7.18.
Hedge Funds Weigh In On Garrett Motion
A variety of institutional traders and hedge resources have recently additional to or minimized their stakes in the organization. Point out of Wyoming boosted its holdings in Garrett Motion by 8,744.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Point out of Wyoming now owns 49,001 shares of the company’s stock valued at $373,000 soon after obtaining an further 48,447 shares in the past quarter. Millennium Administration LLC boosted its holdings in Garrett Motion by 58.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Millennium Management LLC now owns 533,175 shares of the company’s stock valued at $4,063,000 just after purchasing an more 196,946 shares in the past quarter. Morgan Stanley boosted its holdings in Garrett Movement by 17.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Morgan Stanley now owns 272,505 shares of the company’s inventory valued at $2,076,000 just after acquiring an extra 40,820 shares in the previous quarter. Forager Funds Management LLC boosted its holdings in shares of Garrett Movement by 36.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Forager Money Administration LLC now owns 2,088,763 shares of the company’s inventory valued at $16,610,000 just after obtaining an extra 559,674 shares for the duration of the time period. Last but not least, Verition Fund Management LLC acquired a new stake in shares of Garrett Motion in the fourth quarter valued at around $88,000. 72.67{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the inventory is owned by institutional buyers and hedge money.
About Garrett Motion
Garrett Motion, Inc offers vehicle technology. The business engages in the design and style, manufacture, and sale of engineered turbocharger, electric powered-boosting systems for light and commercial car authentic equipment brands (OEMs) and the world wide vehicle impartial aftermarket as properly as automotive computer software remedies.
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