Garmin Ltd (NASDAQ:GRMN) shares traded -2.56% down during most recent session to reach at the closing price of $77.28. The stock exchanged hands 1.12 Million shares versus average trading capacity of 1.3 Million shares, yielding a market cap of $15.16 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $79.2 within the next 52-weeks. The mean target projections are based on 5 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Garmin Ltd (NASDAQ:GRMN) high price target of $89 and with a conservative view have low price target of $70.
“Maintained” Garmin Ltd (NASDAQ:GRMN) in a research note issued to investors on 2/25/19 to Underperform with price target of $71.
Additionally on 2/21/19 “Downgrades” Garmin Ltd (NASDAQ:GRMN) to Neutral and on 1/07/19 “Maintained” the stock to Equal-Weight at $70. Furthermore on 9/21/18 “Maintained” the stock to Equal-Weight at $77.
On the other hand the company has Relative Strength Index (RSI 14) of 27.12 along with Average True Range (ATR 14) of 1.65, Consequently Garmin Ltd (NASDAQ:GRMN)’s weekly and monthly volatility is 1.96%, 1.87% respectively. The company’s beta value is at 0.96.
In terms of Buy, Sell or Hold recommendations, Garmin Ltd (NASDAQ:GRMN) has analysts’ mean recommendation of 3.2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Garmin Ltd (NASDAQ:GRMN)’s minimum EPS for the current quarter is at $0.92 and can go high up to $1.03. The consensus mean EPS for the current quarter is at $1.01 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.99 earnings per share for the same quarter during last year.
Previously Garmin Ltd (NASDAQ:GRMN) reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The company posted an earnings surprise of 2.8%.
Garmin Ltd (NASDAQ:GRMN)’s revenue estimates for the current quarter are $932.35 Million according to 6 number of analysts, for the current quarter the company has high revenue estimates of $955.5 Million in contradiction of low revenue estimates of $900.9 Million. For the current year the company’s revenue estimates are $3.54 Billion compared to low analyst estimates of $3.5 Billion and high estimates of $3.59 Billion according to 10 number of analysts.
Currently Garmin Ltd (NASDAQ:GRMN)’s shares owned by insiders are 1.2%, whereas shares owned by institutional owners are 44.9%. However the six-month change in the insider ownership was recorded -0.25%, as well as three-month change in the institutional ownership was recorded 0.75%.
Garmin Ltd (NASDAQ:GRMN)’s trailing twelve month revenues are $3.4 Billion, whereas its price to sales ratio for the same period is 4.46. Its book value per share for the most recent quarter is $22.76 while its price to book ratio for the same period is 3.4, as for as the company’s cash per share for the most recent quarter is $6.69, however its price to cash per share ratio for the same period is 11.54. The stock has 5 year expected PEG ratio of 4.02 whereas its trailing twelve month P/E ratio is 20.84.