Garmin Ltd. (NASDAQ:GRMN)‘s stock had its “market perform” rating reissued by research analysts at Oppenheimer Holdings, Inc. in a research report issued on Tuesday.

Other equities analysts also recently issued research reports about the stock. Tigress Financial started coverage on shares of Garmin in a research note on Tuesday, May 2nd. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Garmin from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Thursday, May 4th. Longbow Research reissued a “buy” rating on shares of Garmin in a research note on Thursday, August 3rd. Morgan Stanley set a $50.00 target price on shares of Garmin and gave the company a “hold” rating in a research note on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) raised their target price on shares of Garmin from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, May 4th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $51.21.

Garmin (NASDAQ:GRMN) opened at 52.28 on Tuesday. Garmin has a 1-year low of $46.05 and a 1-year high of $55.94. The firm’s 50 day moving average price is $51.24 and its 200-day moving average price is $51.12. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 14.69 and a beta of 0.86.

Garmin (NASDAQ:GRMN) last posted its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. The company had revenue of $816.89 million for the quarter, compared to the consensus estimate of $806.67 million. Garmin had a net margin of 22.07% and a return on equity of 15.55%. Garmin’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. On average, equities analysts anticipate that Garmin will post $2.80 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Garmin’s (GRMN) Market Perform Rating Reiterated at Oppenheimer Holdings, Inc.” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/10/garmins-grmn-market-perform-rating-reiterated-at-oppenheimer-holdings-inc.html.

In related news, major shareholder Jonathan Burrell sold 100,000 shares of Garmin stock in a transaction on Friday, May 26th. The shares were sold at an average price of $52.46, for a total transaction of $5,246,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sean Biddlecombe sold 1,697 shares of Garmin stock in a transaction on Friday, August 4th. The stock was sold at an average price of $51.83, for a total transaction of $87,955.51. The disclosure for this sale can be found here. Insiders have sold a total of 401,697 shares of company stock worth $20,978,956 in the last ninety days. 18.30% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in GRMN. RB Capital Management LLC increased its stake in Garmin by 1.0% in the first quarter. RB Capital Management LLC now owns 4,234 shares of the scientific and technical instruments company’s stock valued at $216,000 after buying an additional 42 shares during the period. Honkamp Krueger Financial Services Inc. increased its stake in Garmin by 1.5% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 6,838 shares of the scientific and technical instruments company’s stock valued at $349,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its stake in Garmin by 0.3% in the second quarter. Arizona State Retirement System now owns 38,429 shares of the scientific and technical instruments company’s stock valued at $1,961,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue increased its stake in Garmin by 1.3% in the second quarter. State of Alaska Department of Revenue now owns 9,580 shares of the scientific and technical instruments company’s stock valued at $488,000 after buying an additional 120 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Garmin by 0.7% in the first quarter. PNC Financial Services Group Inc. now owns 17,149 shares of the scientific and technical instruments company’s stock valued at $875,000 after buying an additional 127 shares during the period. 41.39% of the stock is currently owned by hedge funds and other institutional investors.

Garmin Company Profile

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.

Analyst Recommendations for Garmin (NASDAQ:GRMN)

Receive News & Stock Ratings for Garmin Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garmin Ltd. and related stocks with our FREE daily email newsletter.