Garrett Motion Inc. (NYSE:GTX) is a stock to watch today. At current price of $14.61, the shares have already added 0.53 points (3.76% higher) from its previous close of $14.08. The stock sets an active trading volume day with a reported 239791 contracts so far this session. GTX shares had a relatively better volume day versus average trading capacity of 798.33 thousand shares, but with a 74.22 million float and a -7.12% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for GTX stock indicates that the average analyst price target is $16.8 per share. This means the stock has a potential increase of 14.99% from where the GTX share price has been trading recently which is between $13.94 and $14.24. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $12.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Garrett Motion Back in the Winner’s Circle for the 20th Consecutive Year at the 24 Hours of Le Mans” and dated June 16, 2019.
Looking at the current readings for Garrett Motion Inc., the two-week RSI stands at 40.33. This figure suggests that GTX stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current GTX readings is similarly very revealing as it has a stochastic reading of 30.48% at this stage. This figure means that GTX share price today is being neutral.
Technical chart claims that Garrett Motion Inc. (GTX) would settle between $14.23/share to $14.39/share level. However, if the stock price goes below the $13.93 mark, then the market for Garrett Motion Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $13.79 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.39. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at RBC Capital Mkts raised their recommendation on shares of GTX from Underperform to Sector Perform in their opinion released on January 23. Jefferies, analysts launched coverage of Garrett Motion Inc. (NYSE:GTX) stock with a Hold recommendation, according to their flash note issued to investors on December 04. Analysts at UBS, made their first call for the equity with a Sell recommendation, according to a research note that dated back to November 02.
GTX equity has an average rating of 3.6, with the figure leaning towards a bullish end. 5 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 0 analysts rated Garrett Motion Inc. (NYSE:GTX) as a buy or a strong buy while 2 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, GTX stock price is currently trading at 3.66X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.32 while for the average stock in the same group, the multiple is 1.6. Garrett Motion Inc. current P/E ratio of 3.49 means it is trading at a discount against its industry’s 14.03. In the past 5 years, this ratio for the stock has been fluctuating between 0 and 0.