News stories about Garmin (NASDAQ:GRMN) have trended positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Garmin earned a media sentiment score of 2.25 on their scale. InfoTrie also gave media headlines about the scientific and technical instruments company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Garmin’s ranking:
- Awesome Deals on Garmin Watches – Even the Brand New Watches for 20% Off! – Running with Miles (runningwithmiles.boardingarea.com)
- Wearable tech Memorial Weekend deals: save on Apple, Garmin, Fossil – Gadgets & Wearables (gadgetsandwearables.com)
- Lawsuit questions Garmin’s ‘lifetime’ maps – Kansas City Business Journal (bizjournals.com)
- Garmin GPS Chartplotter: How can it help navigators – Augusta Free Press (augustafreepress.com)
- Garmin Forerunner 245 Music review – Digital Trends (digitaltrends.com)
Shares of GRMN traded up $0.35 during mid-day trading on Friday, reaching $77.65. The stock had a trading volume of 889,584 shares, compared to its average volume of 1,176,413. The company has a current ratio of 4.04, a quick ratio of 3.07 and a debt-to-equity ratio of 0.01. Garmin has a 52-week low of $59.39 and a 52-week high of $89.72. The firm has a market capitalization of $15.38 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.82 and a beta of 0.90.
Several equities analysts recently issued reports on GRMN shares. Longbow Research set a $75.00 target price on shares of Garmin and gave the company a “buy” rating in a research note on Tuesday, February 19th. Zacks Investment Research upgraded shares of Garmin from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Monday, February 25th. BidaskClub cut shares of Garmin from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 16th. ValuEngine cut shares of Garmin from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Finally, Morgan Stanley set a $81.00 price objective on shares of Garmin and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $79.39.
In related news, EVP Patrick Desbois sold 1,749 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $86.00, for a total value of $150,414.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 17.85% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was first posted by Rockland Register and is the property of of Rockland Register. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://rocklandregister.com/2019/05/26/favorable-media-coverage-extremely-likely-to-impact-garmin-grmn-stock-price.html.
Garmin Company Profile
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and action cameras, as well as mobile applications under the Garmin and NAVIGON names.
Recommended Story: How to trade on quiet period expirations
Receive News & Ratings for Garmin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garmin and related companies with MarketBeat.com's FREE daily email newsletter.