For its third fiscal quarter (ending September 30), Garmin Ltd (NYSE: GRMN) has reported a 55% increase in E.P.S. from $1.34 a year ago to $2.08 in the current quarter. For the latest four quarters through September 30, E.P.S. were $7.91 compared to $5.44 a year ago — an increase of 45%.
Recent Price Action
Garmin Ltd (NYSE: GRMN) stock closed at $204.92 on 10/30/24 after a major increase of 23.2%. Moreover, exceptionally high trading volume at 365% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 25.7% 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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Garmin has a poor Appreciation Score of 25 but a good Power Rating of 84, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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