News coverage about Garmin (NASDAQ:GRMN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Garmin earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the scientific and technical instruments company an impact score of 43.9541348054153 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

GRMN has been the topic of a number of analyst reports. Zacks Investment Research upgraded Garmin from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Thursday, January 4th. ValuEngine upgraded Garmin from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub cut Garmin from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Tigress Financial restated a “buy” rating on shares of Garmin in a research note on Friday, December 15th. Finally, Credit Suisse Group restated an “underperform” rating and issued a $58.00 price target (up from $48.00) on shares of Garmin in a research note on Tuesday, December 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.71.

Shares of Garmin (NASDAQ:GRMN) opened at $61.22 on Friday. Garmin has a 52-week low of $48.50 and a 52-week high of $64.96. The company has a market capitalization of $11,461.88, a PE ratio of 16.68, a PEG ratio of 2.47 and a beta of 0.95.

In other news, major shareholder Jonathan Burrell sold 254,000 shares of Garmin stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $62.45, for a total transaction of $15,862,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sean Biddlecombe sold 755 shares of Garmin stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $60.80, for a total value of $45,904.00. The disclosure for this sale can be found here. Insiders have sold 639,621 shares of company stock worth $39,206,893 in the last quarter. Insiders own 18.30% of the company’s stock.

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Garmin Company Profile

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.

Insider Buying and Selling by Quarter for Garmin (NASDAQ:GRMN)

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