Joby Aviation closes $591 million stock offering with full underwriter option
Garrett Motion Inc. has reached a significant milestone as its stock hit a 52-week high of 14.02 USD. The company, with a market capitalization of $2.82 billion, maintains a "GREAT" financial health rating according to InvestingPro analysis. This marks a notable achievement for the company, reflecting a robust performance over the past year. The stock’s ascent is underscored by a remarkable 1-year change of 75.69%, indicating strong investor confidence and positive market sentiment. Trading at an attractive P/E ratio of 9.8, with analyst price targets reaching up to $18, the company appears undervalued based on InvestingPro’s Fair Value analysis. This surge in stock price highlights Garrett Motion’s effective strategies and market positioning, as it continues to capitalize on opportunities within its industry. Discover 8 more key insights about GTX with a comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Garrett Motion has seen several notable developments. The company received an upgrade from Fitch Ratings, raising its Long-Term Issuer Default Rating to ’BB’ from ’BB-’ with a Stable outlook, reflecting an improved financial profile. Additionally, BWS Financial increased its price target for Garrett Motion to $18.00, maintaining a Buy rating, citing the company’s strong position in the auto market. In terms of coverage, Stifel initiated coverage on Garrett Motion with a Buy rating and a price target of $17.50, emphasizing the potential growth from its Zero Emission portfolio aiming for $1 billion in revenue by 2030. Furthermore, BNP Paribas Exane also initiated coverage with an Outperform rating and a $14.00 price target, highlighting the company’s robust financials and potential expansion into EV and industrial markets.
In corporate news, Garrett Motion announced the upcoming retirement of Jerome Maironi, Senior Vice President, General Counsel, and Corporate Secretary, effective March 31, 2026. Maironi will step down from his current roles on October 1, 2025, but will continue to assist with the transition until his retirement. These developments come amid significant interest and optimism from analysts regarding Garrett Motion’s market position and future growth potential.
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