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.

Several price targets were given for GRMN by the analysts covering the stock. The most optimistic price target was 60, which equates to a potential upside of 16.91 percent. The lowest price target was 46, which equates to a potential downside 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. This can be compared with the average change in earnings estimates over the past 3 months, which is -0.61 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.51 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

The growth rate of GRMN's earnings is estimated by analysts to be -24.15 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, 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.

GRMN has a 52-week high of 56.19 and a 52-week low of 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.