BidaskClub upgraded shares of Garmin (NASDAQ:GRMN) from a hold rating to a buy rating in a report published on Thursday.
Other equities research analysts also recently issued reports about the stock. ValuEngine raised shares of Garmin from a hold rating to a buy rating in a research note on Sunday, December 31st. Tigress Financial reissued a buy rating on shares of Garmin in a research note on Friday, December 15th. Zacks Investment Research raised shares of Garmin from a hold rating to a buy rating and set a $68.00 price target for the company in a research note on Thursday, January 4th. Morgan Stanley boosted their price target on shares of Garmin from $52.00 to $57.00 and gave the stock an equal weight rating in a research note on Thursday, November 2nd. Finally, KeyCorp reissued a hold rating on shares of Garmin in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $56.71.
Shares of Garmin (NASDAQ:GRMN) opened at $61.22 on Thursday. The firm has a market cap of $11,480.00, a P/E ratio of 16.68, a P/E/G ratio of 2.48 and a beta of 0.94. Garmin has a 12 month low of $48.50 and a 12 month high of $64.96.
A number of large investors have recently modified their holdings of GRMN. Profund Advisors LLC bought a new stake in Garmin in the second quarter valued at approximately $202,000. Thrivent Financial For Lutherans increased its stake in Garmin by 2.4% in the second quarter. Thrivent Financial For Lutherans now owns 4,340 shares of the scientific and technical instruments company’s stock valued at $221,000 after purchasing an additional 100 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Garmin by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,219,498 shares of the scientific and technical instruments company’s stock valued at $62,232,000 after purchasing an additional 130,059 shares in the last quarter. HighTower Advisors LLC bought a new stake in Garmin in the second quarter valued at approximately $470,000. Finally, Royal Bank of Canada increased its stake in Garmin by 30.4% in the second quarter. Royal Bank of Canada now owns 231,794 shares of the scientific and technical instruments company’s stock valued at $11,827,000 after purchasing an additional 53,984 shares in the last quarter. 41.81% of the stock is owned by hedge funds and other institutional investors.
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Garmin Company Profile
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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