Garmin Ltd. (NYSE:GRMN) Given Consensus Rating of “Moderate Buy” by Brokerages

Garmin Ltd. (NYSE:GRMN) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $310.1667.

GRMN has been the topic of several recent research reports. Morgan Stanley lifted their price target on Garmin from $249.00 to $289.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Tigress Financial reiterated a “strong-buy” rating on shares of Garmin in a report on Thursday, August 6th. Barclays lifted their target price on Garmin from $238.00 to $297.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Zacks Research upgraded Garmin from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, UBS Group set a $370.00 price target on Garmin in a research report on Thursday, August 6th.

Trending Headlines about Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $10.00 from $9.35, FY2027 EPS to $10.32 from $9.82, and FY2028 EPS to $11.00 from $10.93. These revisions imply greater confidence in Garmin’s earnings growth. Garmin analyst estimate update
• Positive Sentiment: Quarterly estimates were also increased, including Q1 2027 EPS to $2.03 from $1.95, Q3 2027 EPS to $2.66 from $2.55, Q2 2027 EPS to $2.46 from $2.14, and Q2 2028 EPS to $2.69 from $2.29. The Q2 2028 revision is particularly substantial and supports the longer-term growth outlook. Garmin quarterly earnings estimates
• Positive Sentiment: The revisions follow Garmin’s latest reported quarter, when revenue rose 11.4% year over year to $2.02 billion and EPS of $2.81 exceeded the $2.30 consensus estimate, reinforcing the case for continued operating momentum.
• Neutral Sentiment: Current-year consensus EPS is approximately $10.08, broadly consistent with Zacks’ $10.00 forecast. Garmin trades at about 32 times earnings and is close to its 52-week high, leaving less room for disappointment if future results do not meet elevated expectations.
• Negative Sentiment: Zacks trimmed its Q4 2026 EPS estimate to $2.79 from $2.81 and reduced Q4 2027 EPS slightly to $3.17 from $3.18. These small cuts are limited but partially offset the otherwise favorable estimate revisions. Garmin earnings estimate revisions

Garmin Stock Performance

NYSE GRMN opened at $310.66 on Monday. The stock has a market cap of $59.91 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 3.49 and a beta of 0.87. The business has a 50 day simple moving average of $257.05 and a 200 day simple moving average of $244.04. Garmin has a 52-week low of $186.67 and a 52-week high of $314.28.

Garmin (NYSE:GRMN) last announced its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.51. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm posted $2.17 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. On average, analysts predict that Garmin will post 10.08 EPS for the current year.

Insider Buying and Selling at Garmin

In related news, CEO Clifton A. Pemble sold 4,029 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $300.00, for a total value of $1,208,700.00. Following the completion of the transaction, the chief executive officer owned 120,127 shares of the company’s stock, valued at approximately $36,038,100. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sean Biddlecombe sold 986 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $292.88, for a total transaction of $288,779.68. Following the sale, the director directly owned 6,021 shares in the company, valued at $1,763,430.48. This trade represents a 14.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,810 shares of company stock valued at $2,478,157 in the last three months. 14.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Groupe la Francaise boosted its holdings in shares of Garmin by 346.4% in the 1st quarter. Groupe la Francaise now owns 125 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 97 shares during the last quarter. Reflection Asset Management bought a new stake in Garmin during the fourth quarter worth $32,000. Atlas Capital Advisors Inc. bought a new stake in Garmin during the fourth quarter worth $34,000. Archer Investment Corp acquired a new stake in Garmin in the first quarter valued at $37,000. Finally, Torren Management LLC acquired a new stake in Garmin in the fourth quarter valued at $41,000. 81.60% of the stock is currently owned by institutional investors.

Garmin Company Profile

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.