Headlines about Garmin (NASDAQ:GRMN) have been trending positive this week, InfoTrie reports. InfoTrie ranks the sentiment of news 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 nearest to five being the most favorable. Garmin earned a media sentiment score of 2.73 on their scale. InfoTrie also assigned news coverage about the scientific and technical instruments company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Garmin’s ranking:

NASDAQ GRMN opened at $65.03 on Friday. The company has a market cap of $13.15 billion, a P/E ratio of 22.12, a PEG ratio of 2.60 and a beta of 0.97. Garmin has a twelve month low of $57.01 and a twelve month high of $70.77.

Garmin (NASDAQ:GRMN) last released its quarterly earnings results on Wednesday, October 31st. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.24. Garmin had a return on equity of 16.95% and a net margin of 19.45%. The business had revenue of $810.01 million during the quarter, compared to analyst estimates of $784.06 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. Garmin’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts predict that Garmin will post 3.47 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on GRMN shares. BidaskClub upgraded shares of Garmin from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th. Longbow Research set a $75.00 target price on shares of Garmin and gave the stock a “buy” rating in a report on Thursday, September 20th. Bank of America set a $70.00 target price on shares of Garmin and gave the company a “sell” rating in a research note on Thursday, November 15th. Finally, Morgan Stanley set a $77.00 price objective on shares of Garmin and gave the stock an “equal weight” rating in a research report on Friday, September 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $67.83.

In related news, insider Min H. Kao sold 95,814 shares of Garmin stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $69.70, for a total value of $6,678,235.80. Following the sale, the insider now directly owns 1,901,429 shares in the company, valued at approximately $132,529,601.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Clifton A. Pemble sold 15,637 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $70.00, for a total value of $1,094,590.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,314,037 shares of company stock worth $149,595,036 in the last ninety days. Insiders own 17.85% of the company’s stock.

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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.

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

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