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.

Many analysts weighed in on price targets for GRMN. The highest price target was 60, implying a possible profit of 16.91 percent. The most pessimistic analyst gave a price target of 46, implying a possible loss of -10.37 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -0.61 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 1.51 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

The growth rate of GRMN's earnings is estimated by analysts to be -24.15 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies 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. Today's price is 11.44 percent above the 52-week low, and below the high by 8.67 percent. GRMN has a price/earnings 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.