Analyst Rating Update on Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN) : 10 analysts are covering Garmin Ltd. (GRMN) and their average rating on the stock is 2.7, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Garmin Ltd. (GRMN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Garmin Ltd. (GRMN) : Currently there are 6 street experts covering Garmin Ltd. (GRMN) stock. The most bullish and bearish price target for the stock is $57 and $42 respectively for the short term. The average price target of all the analysts comes to $47.83. The estimated standard deviation from the target is $5.27.

Company shares have received an average consensus rating of Hold for the current week


Garmin Ltd. (NASDAQ:GRMN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.74 and $54.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.46, notching a gain of 1.09% for the day. The total traded volume was 1,356,139 . The stock had closed at $54.86 on the previous day.

Garmin Ltd. (Garmin) is a provider of navigation, communications and information devices, which are enabled by Global Positioning System (GPS) technology. The Company operates through five business segments: marine, outdoor, fitness, automotive/mobile, and aviation markets. It designs, develops, manufactures, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products. It offers a range of automotive navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers a range of products designed for use in outdoor activities. It offers a range of products designed for use in fitness and activity tracking. Garmin offers a range of products designed for use in the recreational marine industry. Garmins aviation product line includes GPS-enabled navigation, and electronic flight instrumentation systems (EFIS), among others.

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