Eleven analysts covering Garmin Ltd. (NASDAQ: GRMN) stock’s performance announced in a report issued this week that the company gets a consensus rating of “Buy” from the brokerages.
Among the eleven who have posted their personal ratings on the company, five analysts have given out the rating of “Hold” and a majority of six has assigned the rating of “Buy” to the stock. The average price target (PT) currently stands at $125.14 issued on the stock last year.
Garmin Ltd. stocks traded at $127.01 this Wednesday. The company’s current market capitalization stands at $24.33 billion. It has a positive PE ratio of 23.87 along with a beta of 0.98 at the moment. The PEG ratio stands at 3.50. The 12-monthly high to low ranges from $133.43 to $61.04. The 50SMA (50 Days Simple Moving Average) stands at $123.63 and its 200SMA stands at $112.01.
NASDAQ: GRMN Stock Detailed Analysis
The quarterly earnings report for the previous quarter was released on the 16th of February. The earnings of GRMN stocks stood at $1.73 EPS as opposed to the general consensus of $1.39 proposed by analysts at Thomson Reuters. The company’s return on equity stands at 18.38% along with a net margin of 25.89%. During the corresponding quarter previous year, the company posted an EPS of $1.29. Analysts expect the company to post Full Year 2020 earnings per share of 4.78.
Several hedge funds and institutional investors have been involved in the buying and selling of GRMN shares. Prominent ones like Hexagon Capital Partners LLC, CX Institutional, Exchange Traded Concepts LLC, Heritage Wealth Advisors, and so on, have modified their shareholdings in this company recently.
NASDAQ: GRMN has recently been the subject of a lot of reports by equities analysts. Some such as Zacks Investment Research, JP Morgan & Chase, Bank of America, Credit Suisse Group and so on have posted reports on this firm over the last few months.