Are Analysts Bullish about Garmin Ltd. (NASDAQ:GRMN) after last week?

June 15, 2018 - By reb123z

Garmin Ltd. (NASDAQ:GRMN) LogoInvestors sentiment decreased to 0.79 in 2018 Q1. Its down 0.29, from 1.08 in 2017Q4. It worsened, as 28 investors sold Garmin Ltd. shares while 142 reduced holdings. 48 funds opened positions while 86 raised stakes. 71.26 million shares or 1.45% less from 72.31 million shares in 2017Q4 were reported.
Regions Fincl Corp holds 464 shares. Investment House Ltd Com has invested 0.13% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Zebra Cap Mgmt Lc owns 23,953 shares for 0.51% of their portfolio. Prudential Fincl Inc owns 118,442 shares. 36,500 were reported by Canal Ins. Cetera Limited invested 0.02% in Garmin Ltd. (NASDAQ:GRMN). Contravisory Mgmt accumulated 84,667 shares. Fort Washington Invest Advsrs Inc Oh invested in 4,945 shares or 0% of the stock. Georgia-based Signaturefd Ltd Llc has invested 0% in Garmin Ltd. (NASDAQ:GRMN). Oregon Employees Retirement Fund invested in 28,972 shares. Manchester Lc invested 0% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Norinchukin Bancorporation The invested 0.01% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Summit Wealth Advisors Ltd Liability Co stated it has 1.94% in Garmin Ltd. (NASDAQ:GRMN). Robeco Institutional Asset Mngmt Bv owns 2.13M shares. Envestnet Asset Mgmt, a Illinois-based fund reported 64,711 shares.

Since February 15, 2018, it had 0 insider buys, and 20 selling transactions for $194.64 million activity. Huang Pao-Chang had sold 2,375 shares worth $143,023 on Tuesday, May 29. The insider ELLER DONALD sold $232,944. Bartel Danny J sold $92,397 worth of stock or 1,548 shares. $2.35M worth of Garmin Ltd. (NASDAQ:GRMN) shares were sold by PEMBLE CLIFTON A. On Friday, February 23 ETKIND ANDREW R sold $116,917 worth of Garmin Ltd. (NASDAQ:GRMN) or 1,929 shares. Peffer Charles sold $599,708 worth of stock or 9,905 shares.

Garmin Ltd. (NASDAQ:GRMN) Ratings Coverage

Among 3 analysts covering Garmin (NASDAQ:GRMN), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Garmin had 3 analyst reports since February 22, 2018 according to SRatingsIntel. Robert W. Baird maintained the shares of GRMN in report on Thursday, February 22 with “Neutral” rating. The stock of Garmin Ltd. (NASDAQ:GRMN) earned “Buy” rating by Tigress Financial on Monday, March 12. Credit Suisse downgraded the shares of GRMN in report on Monday, May 7 to “Sell” rating. Below is a list of Garmin Ltd. (NASDAQ:GRMN) latest ratings and price target changes.

07/05/2018 Broker: Credit Suisse Rating: Sell New Target: $53.0000 Downgrade
12/03/2018 Broker: Tigress Financial Rating: Buy Maintain
22/02/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $57 New Target: $60 Maintain

The stock decreased 0.38% or $0.24 during the last trading session, reaching $61.17. About 473,421 shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 16.28% since June 15, 2017 and is uptrending. It has outperformed by 3.71% the S&P500.

Garmin Ltd., together with its subsidiaries, designs, develops, makes, markets, and distributes a range of navigation, communication, and information devices worldwide. The company has market cap of $11.53 billion. It operates through five divisions: Auto, Aviation, Marine, Outdoor, and Fitness. It has a 16.62 P/E ratio. The Auto segment offers personal navigation devices; infotainment solutions; and action cameras, as well as mobile applications under the Garmin and NAVIGON names.

Garmin Ltd. (NASDAQ:GRMN) Ratings Chart

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