November 29, 2016 - By Clifton Ray · 0 Comments
Garmin LTD (NASDAQ:GRMN) institutional sentiment increased to 1.16 in 2016 Q2. Its up 0.06, from 1.1 in 2016Q1. The ratio improved, as 143 active investment managers increased and started new positions, while 130 sold and trimmed stakes in Garmin LTD. The active investment managers in our partner’s database reported: 66.55 million shares, down from 68.60 million shares in 2016Q1. Also, the number of active investment managers holding Garmin LTD in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 45 Reduced: 85 Increased: 103 New Position: 40.
Garmin Ltd. and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The company has a market cap of $9.98 billion. Garmin designs, develops, makes, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor and information products. It has a 19.78 P/E ratio. It operates through five business divisions: marine, outdoor, fitness, auto and aviation.
The stock closed at $52.87 during the last session. It is down 25.02% since April 26, 2016 and is uptrending. It has outperformed by 19.76% the S&P500.
Analysts await Garmin Ltd. (NASDAQ:GRMN) to report earnings on February, 15. They expect $0.59 earnings per share, down 20.27% or $0.15 from last year’s $0.74 per share. GRMN’s profit will be $111.37 million for 22.40 P/E if the $0.59 EPS becomes a reality. After $0.75 actual earnings per share reported by Garmin Ltd. for the previous quarter, Wall Street now forecasts -21.33% negative EPS growth.
According to Zacks Investment Research, “Garmin International is designs, manufactures, and markets navigation and communications equipment for a variety of markets, including aviation, marine, automotive, cellular, OEM, and general recreation. Specifically, the company aims to enrich the lives of customers, suppliers, distributors, and employees by providing the very best products that offer superior quality, safety, and operational features at affordable prices.”
Valicenti Advisory Services Inc holds 3.75% of its portfolio in Garmin Ltd. for 139,259 shares. Disciplined Growth Investors Inc Mn owns 1.66 million shares or 1.77% of their US portfolio. Moreover, Dynamic Advisors Solutions Llc has 1.72% invested in the company for 99,914 shares. The Connecticut-based Gilman Hill Asset Management Llc has invested 1.59% in the stock. South Texas Money Management Ltd, a Texas-based fund reported 667,587 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 5 selling transactions for $262,062 net activity.
Ratings analysis reveals 8% of Garmin Ltd.’s analysts are positive. Out of 12 Wall Street analysts rating Garmin Ltd., 1 give it “Buy”, 4 “Sell” rating, while 7 recommend “Hold”. The lowest target is $12 while the high is $50. The stock’s average target of $35.75 is -32.38% below today’s ($52.87) share price. GRMN was included in 22 notes of analysts from July 30, 2015. JP Morgan upgraded the shares of GRMN in a report on Monday, October 19 to “Neutral” rating. The firm has “Mkt Perform” rating by Raymond James given on Tuesday, August 25. The company was initiated on Wednesday, August 17 by Longbow. The stock of Garmin Ltd. (NASDAQ:GRMN) earned “Outperform” rating by RBC Capital Markets on Thursday, October 15. RBC Capital Markets maintained it with “Outperform” rating and $50 target price in Thursday, July 30 report. The rating was initiated by Sterne Agee CRT with “Neutral” on Tuesday, September 29. The stock has “Underperform” rating given by Credit Suisse on Monday, January 18. The firm earned “Neutral” rating on Thursday, October 29 by Citigroup. The stock of Garmin Ltd. (NASDAQ:GRMN) earned “Mkt Perform” rating by Raymond James on Monday, August 22. Credit Suisse downgraded the stock to “Underperform” rating in Friday, January 15 report.
Garmin Ltd. (Garmin), incorporated on February 9, 2010, and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. Garmin designs, develops, makes, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor and information products. The Firm operates through five business divisions: marine, outdoor, fitness, auto and aviation.
More news for Garmin Ltd. (NASDAQ:GRMN) were recently published by: Profitconfidential.com, which released: “GRMN Stock: Garmin Ltd. is a Rising Threat with Wearables” on November 26, 2016. Fool.com‘s article titled: “A Strong Case for Buying Garmin Ltd. Stock” and published on November 08, 2016 is yet another important article.
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By Clifton Ray