Garmin (NASDAQ:GRMN) had its price target boosted by stock analysts at Credit Suisse Group from $91.00 to $96.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the scientific and technical instruments company’s stock. Credit Suisse Group’s price target indicates a potential downside of 2.63% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Colliers Secur. upgraded Garmin from a “neutral” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Monday, June 15th. Zacks Investment Research upgraded Garmin from a “sell” rating to a “hold” rating and set a $91.00 target price on the stock in a research note on Wednesday, May 27th. Bank of America cut their target price on Garmin from $85.00 to $76.00 and set an “underperform” rating on the stock in a research note on Monday, May 18th. Needham & Company LLC assumed coverage on Garmin in a research note on Wednesday. They set a “hold” rating on the stock. Finally, Tigress Financial reiterated a “buy” rating on shares of Garmin in a research note on Thursday, May 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $95.43.

NASDAQ GRMN traded down $1.42 during trading on Friday, hitting $98.59. The stock had a trading volume of 983,899 shares, compared to its average volume of 951,705. The company has a market capitalization of $18.83 billion, a PE ratio of 20.20, a P/E/G ratio of 4.16 and a beta of 0.99. The company’s 50-day moving average price is $97.13 and its two-hundred day moving average price is $89.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.74 and a current ratio of 2.80. Garmin has a 12 month low of $61.04 and a 12 month high of $105.58.

Garmin (NASDAQ:GRMN) last released its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.53. The firm had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $666.68 million. Garmin had a return on equity of 17.77% and a net margin of 24.82%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 EPS. As a group, equities analysts anticipate that Garmin will post 3.41 earnings per share for the current fiscal year.

In related news, CEO Clifton A. Pemble sold 14,720 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $99.91, for a total transaction of $1,470,675.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Patrick Desbois sold 3,818 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $94.95, for a total value of $362,519.10. The disclosure for this sale can be found here. Insiders have sold a total of 20,038 shares of company stock worth $1,954,454 over the last three months. 22.00% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Garmin by 1.3% during the 1st quarter. State Street Corp now owns 6,301,488 shares of the scientific and technical instruments company’s stock worth $472,365,000 after acquiring an additional 78,854 shares during the last quarter. Geode Capital Management LLC grew its holdings in Garmin by 2.6% in the 1st quarter. Geode Capital Management LLC now owns 3,225,560 shares of the scientific and technical instruments company’s stock valued at $241,467,000 after buying an additional 80,991 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Garmin by 30.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,645,425 shares of the scientific and technical instruments company’s stock valued at $198,301,000 after buying an additional 621,184 shares in the last quarter. First Trust Advisors LP grew its holdings in Garmin by 161.4% in the 2nd quarter. First Trust Advisors LP now owns 1,882,173 shares of the scientific and technical instruments company’s stock valued at $183,512,000 after buying an additional 1,162,038 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its holdings in Garmin by 0.9% in the 1st quarter. Disciplined Growth Investors Inc. MN now owns 1,580,411 shares of the scientific and technical instruments company’s stock valued at $118,468,000 after buying an additional 13,680 shares in the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Garmin Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and action cameras, as well as mobile applications under the Garmin and NAVIGON names.

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Analyst Recommendations for Garmin (NASDAQ:GRMN)

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