Stock To Watch: Garmin Ltd. (NASDAQ:GRMN)


The leading market experts have placed a mean price target of $42.75 on Garmin Ltd. (NASDAQ:GRMN) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.53 a share for the upcoming quarter and $2.30 for the current fiscal. Technical View The technical analysis of Garmin Ltd. plainly substantiates that the 50-day moving average of Garmin Ltd. is $41.68, and stock is hovering 0.96 or +2.31% distant from $41.68. It is noted that the 200-day MA is $38.75, and Garmin Ltd. stock is $3.89 or +10.04% off from this point. Garmin Ltd. (NASDAQ:GRMN) 52-week high is $47.27 and the 52-week low is $30.93. This explains if the stock moves $-4.63, it will post a 52-week high. In event of $+37.86% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Garmin Ltd., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Garmin Ltd. (NASDAQ:GRMN) ratio came in at 17.04. The stock last ended the trading session at $42.64 and registered a market cap of $8.07B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Garmin Ltd. (NASDAQ:GRMN) PEG ratio is at 2.81.

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