Analysts Rating and Price Target: Garmin Ltd. (NASDAQ:GRMN)

The consensus price target (PT) of $48.83 means that the market expects Company shares to decrease by -10.21% in the short run. 816,847 shares of the company’s stock traded hands.

The companies 50 day moving average is 50.13 and its 200 day moving average is 43.16. The stock volatility for week was 2.05% while for month was 2.06%.The stock, as of last close, traded 67.94% to its 52 week low and was changed -9.97% from its 52 week high. The firm’s stock has a market capitalization of $9.63 bln.

Garmin (NASDAQ:GRMN) last released its quarterly earnings data on Wednesday, July 27th. For the current quarter the stock has a lowest EPS estimates of $0.48 and high estimate of $0.58. Whereas for the next year revenues are set at 2.95B by 15 analysts.

Current Fiscal Year Estimate Trends: For current fiscal year, most recent EPS estimate is set at $2.52 based on Analyst consensus and three month ago consensus EPS opinions was at $2.29. Last time the company reported, Garmin Ltd. generated $0.87 in earnings per share, surpassing the concesus estimate of $0.67. They issued a “neutral” rating on the stock. BlackRock Fund Advisors boosted its position in shares of Garmin by 19.6% in the first quarter. 4 financial analysts are now covering the stock. Geode Capital Management LLC boosted its position in shares of Garmin by 1.2% in the first quarter. The number of shares now owned by investors are 190.4 mln. Finally, Retirement Systems of Alabama boosted its position in shares of Garmin by 0.3% in the second quarter. FIL Ltd now owns 2,801,516 shares of the company’s stock worth $104,133,000 after buying an additional 589,889 shares during the period.

The firm also noted several negative catalysts for the stock over the next months, including increased competitor product launches, higher competition from new emerging consumer electronics categories and hard comparable-store sales, the Fly reports. Analysts covering the shares maintain a consensus Hold rating, according to Zacks Investment Research. Vetr upgraded Garmin from a “buy” rating to a “strong-buy” rating and set a $45.36 price target on the stock in a report on Monday, May 9th.

And while Raymond James expected some renewed growth from wearables with embedded heart rate monitors, Apple and Fitbit are pursuing new products that might have an impact on Garmin financials (though McCourt says that’s not especially likely). The firm downgraded GRMN shares to Sell along with a $46 price target. Longbow Research began coverage on Garmin in a research report on Wednesday, August 17th. The analyst recommendations from a month ago are 1 Buy, 1 Strong Buy, 0 Sell, 0 Hold and 8. The stock was sold at an average price of $55.36, for a total transaction of $60,010.24.