News headlines about Garmin (NASDAQ:GRMN) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Garmin earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the scientific and technical instruments company an impact score of 44.4184982408795 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s rankings:

Shares of Garmin (GRMN) traded up $1.52 during midday trading on Tuesday, hitting $62.31. The company had a trading volume of 1,589,706 shares, compared to its average volume of 1,199,652. The company has a market cap of $11,680.00, a PE ratio of 16.98, a price-to-earnings-growth ratio of 2.53 and a beta of 0.94. Garmin has a 1-year low of $48.50 and a 1-year high of $64.96.

GRMN has been the topic of several research analyst reports. ValuEngine raised Garmin from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Morgan Stanley lifted their target price on Garmin from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. BidaskClub cut Garmin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Zacks Investment Research raised Garmin from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Thursday, January 4th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $58.00 target price (up previously from $48.00) on shares of Garmin in a research note on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $56.71.

In related news, insider Clifton A. Pemble sold 2,413 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $60.30, for a total value of $145,503.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jonathan Burrell sold 253,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $59.29, for a total value of $15,000,370.00. The disclosure for this sale can be found here. In the last three months, insiders sold 892,621 shares of company stock valued at $54,207,263. 18.30% of the stock is currently owned by company insiders.

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About Garmin

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.

Insider Buying and Selling by Quarter for Garmin (NASDAQ:GRMN)

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