Analyst Ratings for Garmin Ltd. (GRMN)

Updated: 2017-07-29

An average rating of Hold has been given to Garmin Ltd. (NASDAQ:GRMN) by analysts covering the stock. Last month, GRMN received an average rating of Hold.

15 analysts issued ratings on the stock, where 1 gave GRMN a buy rating, 0 gave an overweight rating, 11 issued a hold rating, 1 issued an underweight rating, and 2 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 2.

Investment analysts gave a few price targets for GRMN. The most optimistic analyst gave a price target of 60, implying potential capital gains of 16.91 percent. The minimum price target given was 46, implying potential capital losses of -10.37 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is -0.61 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 1.51 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

GRMN has an estimated earnings growth rate of -24.15 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of GRMN is -0.61.

In the trailing 52-weeks, GRMN hit 56.19 at the highest peak, while it's lowest trading point was 46.05. Currently the stock is 11.44 percent higher than its low, and 8.67 percent below the high. GRMN has a P/E ratio of 14.7. Investors typically compare the P/E ratio to a company's peers in the industry. The GRMN value stock report compares GRMN to some of its peers using value stock charts. The market cap of GRMN is $9.76 billion. GRMN's next earnings release will be on 0000-00-00, which is days away.