In a report released yesterday, Erik Woodring from Morgan Stanley maintained a Hold rating on Garmin (GRMN – Research Report), with a price target of $100.00. The company’s shares closed yesterday at $114.45.
According to TipRanks, Woodring is an analyst with an average return of -9.5% and a 48.94% success rate. Woodring covers the Technology sector, focusing on stocks such as Apple, Dell Technologies, and HP.
In addition to Morgan Stanley, Garmin also received a Hold from KeyBanc’s Noah Zatzkin in a report issued yesterday. However, on the same day, J.P. Morgan maintained a Buy rating on Garmin (NYSE: GRMN).
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The company has a one-year high of $115.32 and a one-year low of $80.21. Currently, Garmin has an average volume of 680.4K.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GRMN in relation to earlier this year.
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Garmin (GRMN) Company Description:
Switzerland-based 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.
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