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Garrett Motion Inc. stock reached a 52-week high, touching 13.53 USD, marking a significant milestone for the automotive technology company. With a market capitalization of $2.7 billion and an attractive P/E ratio of 9.4, InvestingPro analysis suggests the stock remains undervalued despite its recent gains. Over the past year, Garrett Motion has experienced a remarkable 65.98% increase in its stock price, reflecting strong investor confidence and positive market sentiment. This surge can be attributed to the company’s strategic initiatives and robust financial performance, with annual revenue of $3.46 billion and an "GREAT" financial health score according to InvestingPro. The 52-week high underscores Garrett Motion’s upward trajectory and positions the company favorably within the competitive automotive sector. Get access to 8 more exclusive ProTips and a comprehensive research report for GTX on InvestingPro.
In other recent news, Garrett Motion has been the subject of notable analyst attention. BNP Paribas Exane has initiated coverage of Garrett Motion with an Outperform rating and set a price target of $14.00. The firm highlighted Garrett Motion’s strong financials and potential for expansion into electric vehicle and industrial markets. Meanwhile, BWS Financial has reiterated its Buy rating for Garrett Motion, also with a $14.00 price target. BWS Financial pointed to favorable currency movements and limited exposure to U.S. trade uncertainties as factors that could help Garrett Motion surpass quarterly estimates. These developments reflect ongoing analyst confidence in Garrett Motion’s financial performance and strategic positioning.
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