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GTX

Garrett Motion

$16.32

0.185 (1.15%)

07:57
02/20/19
02/20
07:57
02/20/19
07:57

Garrett Motion sees FY19 organic growth in net sales 2%-4%, consensus $3.41B

For the full year 2019, Garrett expects to be between 2% and 4% in organic growth in net sales, and between $630M and $650M in Adjusted EBITDA, assuming current foreign exchange rates. We are also targeting Adjusted Levered Free Cash Flow conversion in 2019 between 55% and 60%. The rebalancing of Garrett's portfolio towards gasoline products continues and our gasoline business is expected to be at similar levels by the end of 2019.

  • 20

    Feb

GTX Garrett Motion
$16.32

0.185 (1.15%)

11/02/18
11/02/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zillow (Z, ZG) initiated with a Hold at Zelman. 2. RumbleON (RMBL) initiated with a Buy at Craig-Hallum. 3. Ra Medical Systems (RMED) initiated with a Buy at Maxim. 4. Del Frisco's (DFRG) and Red Robin (RRGB) were initiated with a Hold at Loop Capital. 5. Garrett Motion (GTX) initiated with a Sell at UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/04/18
JEFF
12/04/18
INITIATION
Target $13
JEFF
Hold
Garrett Motion initiated with a Hold at Jefferies
Jefferies analyst David Kelley started Garrett Motion with a Hold rating and $13 price target. Following the company's October spin-off from Honeywell, the analyst sees near-term risk given the "recently downgraded global production estimates and potential impact on margins."
01/23/19
RBCM
01/23/19
UPGRADE
RBCM
Sector Perform
Garrett Motion upgraded to Sector Perform from Underperform at RBC Capital
01/23/19
01/23/19
UPGRADE
Target $15

Sector Perform
Garrett Motion upgraded to Sector Perform from Underperform at RBC Capital
As previously reported, RBC Capital analyst Joseph Spak upgraded Garrett Motion to Sector Perform and raised his price target to $15 from $11. The analyst notes that his rating change is valuation-driven since his outlook for 2019 organic growth of 1% is still below the 4%-6% medium-term view held by the company. While he sees 2019 as a below-trend year, Spak states that Garrett Motion's free cash flow potential is "intriguing" as he seeks more visibility on the company's "go-forward strategy".

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