Analyst Rating Update on Garmin Ltd. (GRMN)

Garmin Ltd. (NASDAQ:GRMN) : 11 analysts are covering Garmin Ltd. (NASDAQ:GRMN) and their average rating on the stock is 2.73, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Garmin Ltd. (NASDAQ:GRMN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Garmin Ltd. (NASDAQ:GRMN) : Currently there are 6 street experts covering Garmin Ltd. (NASDAQ:GRMN) stock. The most bullish and bearish price target for the stock is $52 and $33 respectively for the short term. The average price target of all the analysts comes to $43.33. The estimated standard deviation from the target is $6.31.

Company shares have received an average consensus rating of Hold for the current week

Garmin Ltd. (NASDAQ:GRMN): stock turned positive on Tuesday. Though the stock opened at $39.96, the bulls momentum made the stock top out at $40.76 level for the day. The stock recorded a low of $39.78 and closed the trading day at $40.61, in the green by 2.34%. The total traded volume for the day was 985,224. The stock had closed at $39.68 in the previous days trading.

In an insider trading activity,The officer (General Manager – Garmin Corp.) of Garmin Ltd, Huang Pao-Chang sold 7,200 shares at $40.68 on May 11, 2016. The Insider selling transaction had a total value worth of $292,896. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Garmin Ltd. (Garmin) is a provider of navigation, communications and information devices, which are enabled by Global Positioning System (GPS) technology. The Company operates through five business segments: marine, outdoor, fitness, automotive/mobile, and aviation markets. It designs, develops, manufactures, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products. It offers a range of automotive navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers a range of products designed for use in outdoor activities. It offers a range of products designed for use in fitness and activity tracking. Garmin offers a range of products designed for use in the recreational marine industry. Garmins aviation product line includes GPS-enabled navigation, and electronic flight instrumentation systems (EFIS), among others.

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