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


The leading market experts have placed a mean price target of $46.60 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 $0.62 a share for the upcoming quarter and $2.53 for the current fiscal.

Technical View

The technical analysis of Garmin Ltd. plainly substantiates that the 50-day moving average of Garmin Ltd. is $52.05, and stock is trading $-4.61 points away or -8.86% from its 50-day moving average of $52.05. Further it is trading $3.30 or +7.49% away its 200-day moving average of $44.14. Garmin Ltd. (NASDAQ:GRMN) 52-week high is $56.19 and the 52-week low is $30.93.

This explains if the stock moves $-8.75, it will post a 52-week high. In event of +53.38% 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 18.03.

The stock last ended the trading session at $47.44 and registered a market cap of $8.96B. 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 2.89.

1 Chart Pattern Every Investor Should Know

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