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 highest price target was 60, implying potential capital gains of 16.91 percent. The lowest price target 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.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days 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, 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, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. GRMN has a PEG ratio of -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 lower than its 52-week high. 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 stock has a market capitalization of $9.76 billion. GRMN's next earnings release will be on 0000-00-00, which is days away.