Raymond James began coverage on shares of Garmin (NASDAQ: GRMN) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm issued an outperform rating and a $42.00 price objective on the stock.
A number of other firms have also recently commented on GRMN. Analysts at TheStreet downgraded shares of Garmin from a buy rating to a hold rating in a research note to investors on Friday, May 3rd. Separately, analysts at RBC Capital cut their price target on shares of Garmin from $47.00 to $39.00 in a research note to investors on Thursday, May 2nd. They now have a sector perform rating on the stock. Finally, analysts at DA Davidson reiterated a neutral rating on shares of Garmin in a research note to investors on Thursday, May 2nd. They now have a $35.00 price target on the stock, down previously from $40.00.
Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $37.83.
Shares of Garmin (NASDAQ: GRMN) opened at 34.84 on Thursday. Garmin has a one year low of $32.52 and a one year high of $50.67. The stock’s 50-day moving average is currently $33.9. The company has a market cap of $6.817 billion and a P/E ratio of 12.58.
Garmin Ltd. (NASDAQ: GRMN) is a provider of navigation, communication and information devices and applications, which are enabled by global positioning system (GPS) technology.