Streetbeat News

GTX

Garrett Motion Inc.

https://www.garrettmotion.com

Industry

Auto - Parts

Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers; and provides automotive software solutions. It offers its products in the aftermarket through distributors. Garrett Motion Inc. was incorporated in 2018 and is headquartered in Rolle, Switzerland.

Open

7.79

Mkt cap

1.6B

Volume

658K

High

7.82

P/E Ratio

6.32

52-wk high

10.16

Low

7.64

Div yield

N/A

52-wk low

7.13

Garrett Motion Inc. and China National Heavy Duty Truck Group have signed a Letter of Intent to collaborate on advanced technologies for electric commercial vehicles. They aim to develop next-generation electric powertrains for SinoTruk's product portfolio, with mass production targeted by 2027.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:13 am

BWS Financial analyst Hamed Khorsand has reiterated a Buy rating for Garrett Motion (NASDAQ:GTX) with a maintained price target of $12.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 6:12 pm

BWS Financial analyst Hamed Khorsand maintains a Buy rating on Garrett Motion (NASDAQ:GTX) but lowers the price target from $15 to $12.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:07 pm

Edwards Lifesciences Corporation (NYSE:EW) shares fell sharply after reporting worse-than-expected Q2 sales and issuing weak Q3 guidance. Despite beating EPS estimates, the stock dipped 26.9%. The company also acquired JenaValve and Endotronix. Other notable movers include Predictive Oncology Inc. (NASDAQ:POAI), Psyence Biomedical Ltd. (NASDAQ:PBM), and Ford Motor Company (NYSE:F).

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 6:12 pm

Garrett Motion Inc (NASDAQ:GTX) reported disappointing Q2 FY24 results, with sales and earnings missing consensus estimates due to demand weakness in gasoline, diesel, and commercial vehicles. The company lowered its FY24 outlook for net sales and adjusted EBITDA. GTX shares fell 12.8% following the report.

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 4:58 pm

Garrett Motion shares are trading lower after the company reported worse-than-expected Q2 financial results and lowered its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:11 pm

Garrett Motion Inc. has lowered its FY24 net sales guidance from $3.80B-$3.95B to $3.50B-$3.65B, compared to the $3.86B estimate. Additionally, the company has reduced its FY24 adjusted EBITDA guidance from $590M-$650M to $583M-$633M.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:00 am

Garrett Motion (NASDAQ:GTX) reported Q2 2024 earnings per share of $0.28, missing the analyst consensus estimate of $0.30 by 6.67%. The company also reported sales of $890 million, which missed the estimate of $975.5 million by 8.76%, and represents an 11.97% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:59 am

Simulations Plus, Inc. (SLP) reported Q3 results and issued FY24 EPS guidance below estimates, leading to a 5.3% decline in pre-market trading. First Foundation Inc. (FFWM) shares tumbled 27.7% after announcing significant investments. Repay Holdings Corporation (RPAY) shares slipped 14.1% following the pricing of its convertible notes offering. Noah Holdings Limited (NOAH) shares declined 10.7%, NANO Nuclear Energy Inc. (NNE) shares fell 5.5%, American Software, Inc (AMSWA) shares fell 5%, and Garrett Motion Inc. (GTX) shares declined 4.5% in pre-market trading.

Portfolio Pulse from Avi Kapoor

July 03, 2024 | 12:53 pm

The article lists consumer discretionary stocks that moved significantly in Monday's pre-market session. Notable gainers include Linkage Global, Barnes & Noble Education, Jiuzi Holdings, GameStop, QuantaSing Group, and Smart Share Global. Significant losers include China Liberal Education, ATA Creativity Global, ZHONGCHAO, Garrett Motion, SRIVARU Holding, and AYRO.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 12:06 pm

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