Stock Rating Upgrade
The Value Trend Rating for Garmin Ltd (NYSE: GRMN) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, Garmin Ltd (NYSE: GRMN) stock rose slightly by 0.2%, closing at $167.42. However, this advance was accompanied by below average trading volume at 72% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.1% during the last week.
Current PriceTarget Research Rating
GRMN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Garmin has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Garmin has a poor Appreciation Score of 29 but a very high Power Rating of 95, with the Positive Value Trend Rating the result.
Be the first to comment