Short Term Rating on Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN) : 10 analysts are covering Garmin Ltd. (GRMN) and their average rating on the stock is 2.9, 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 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Garmin Ltd. (GRMN) : The highest level Garmin Ltd. (GRMN) is projected to reach is $52 for the short term and the lowest estimate is at $33. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $43.33 and the possibility the share price can swing is $6.31.

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


Garmin Ltd. (NASDAQ:GRMN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.14 and $44.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.71, notching a gain of 2.22% for the day. The total traded volume was 1,251,741 . The stock had closed at $43.74 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.