Garmin Ltd. (GRMN) : Analyst Rating Update

Garmin Ltd. (GRMN) : The consensus on Garmin Ltd. (GRMN) based on 11 analyst recommendation on the company stock is 2.73, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Garmin Ltd. (GRMN) : The consensus price target for Garmin Ltd. (GRMN) is $43.33 for the short term with a standard deviation of $6.31. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $52, however, the pessimist price target for the company is $33.

Garmin Ltd. (NASDAQ:GRMN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.87 and $41.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.02, notching a gain of 0.26% for the day. The total traded volume was 848,725 . The stock had closed at $41.91 on the previous day.

The company shares have dropped -3.39% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $46.72 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $41.83 and the 200 Day Moving Average price is recorded at $39.30.

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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