Garmin Ltd. (NASDAQ:GRMN) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $53.80.
Several brokerages recently commented on GRMN. Zacks Investment Research upgraded Garmin from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Thursday, November 2nd. KeyCorp reiterated a “hold” rating on shares of Garmin in a report on Wednesday, November 1st. ValuEngine upgraded Garmin from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub cut Garmin from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, Morgan Stanley upped their target price on Garmin from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd.
In other Garmin news, EVP Philip Straub sold 2,453 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $61.91, for a total transaction of $151,865.23. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sean Biddlecombe sold 755 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $60.80, for a total value of $45,904.00. The disclosure for this sale can be found here. Insiders have sold a total of 892,621 shares of company stock worth $54,207,263 over the last 90 days. Company insiders own 18.30% of the company’s stock.
Shares of Garmin (GRMN) traded down $0.39 during mid-day trading on Friday, reaching $62.02. The company had a trading volume of 519,433 shares, compared to its average volume of 1,136,236. Garmin has a 1-year low of $48.50 and a 1-year high of $64.96. The company has a market capitalization of $11,730.00, a PE ratio of 17.06, a PEG ratio of 2.53 and a beta of 0.94.
Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.
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