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 maximum price target given was 60, implying a possible profit of 16.91 percent. The most pessimistic 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.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -0.61 percent if we expand the time horizon to include the past 3 months instead of just one. 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.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. 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. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, 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 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.