Garmin (NASDAQ: GRMN) had its price target decreased by RBC Capital from $53.00 to $47.00 in a research report sent to investors on Thursday morning. The firm currently has a sector perform rating on the stock.
A number of other firms have also recently commented on GRMN. Analysts at JPMorgan Chase cut their price target on shares of Garmin from $36.00 to $30.00 in a research note to investors on Thursday. Separately, analysts at UBS AG initiated coverage on shares of Garmin in a research note to investors on Friday, February 15th. They set an outperform rating on the stock. Finally, analysts at William Blair initiated coverage on shares of Garmin in a research note to investors on Friday, February 15th. They set an outperform rating on the stock. They noted that the move was a valuation call.
Five investment analysts have rated the stock with a buy rating, seven have issued a hold rating, and two have issued a sell rating to the company. The company currently has an average rating of hold and an average price target of $41.00.
Shares of Garmin opened at 35.00 on Thursday. Garmin has a 52 week low of $34.57 and a 52 week high of $50.67. The stock’s 50-day moving average is currently $38.72. The company has a market cap of $6.824 billion and a P/E ratio of 11.83.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 28th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.14%.
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