Tag Archives: GRMN

Garmin Ltd. (NASDAQ:GRMN) Receives Average Recommendation of “Buy” from Analysts

Garmin Ltd. (NASDAQ:GRMN) has received an average rating of “Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $153.14.

Several analysts recently commented on the company. Morgan Stanley boosted their price target on Garmin from $138.00 to $147.00 and gave the company an “equal weight” rating in a research note on Thursday, July 29th. Bank of America lowered Garmin from a “buy” rating to a “neutral” rating and set a $155.00 price target on the stock. in a research note on Tuesday, June 22nd. Zacks Investment Research lowered Garmin from a “buy” rating to a “hold” rating and set a $144.00 price target on the stock. in a research note on Monday, May 3rd. Credit Suisse Group boosted their price target on Garmin from $129.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, April 29th. Finally, Tigress Financial reissued a “strong-buy” rating and issued a $198.00 price objective (up previously from $174.00) on shares of Garmin in a research note on Wednesday, August 4th.

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GRMN opened at $173.43 on Wednesday. The company has a market capitalization of $33.35 billion, a PE ratio of 28.25, a PEG ratio of 4.47 and a beta of 1.00. Garmin has a 1 year low of $91.84 and a 1 year high of $173.57. The company’s 50 day moving average price is $154.07.

Garmin (NASDAQ:GRMN) last announced its quarterly earnings results on Wednesday, July 28th. The scientific and technical instruments company reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.45. Garmin had a return on equity of 21.68% and a net margin of 24.36%. As a group, sell-side analysts forecast that Garmin will post 5.6 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Monday, March 14th. Garmin’s dividend payout ratio is currently 52.14%.

In other news, CEO Clifton A. Pemble sold 2,333 shares of the company’s stock in a transaction on Friday, August 6th. The stock was sold at an average price of $165.00, for a total transaction of $384,945.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan Burrell sold 150,000 shares of the company’s stock in a transaction on Wednesday, June 2nd. The shares were sold at an average price of $142.06, for a total value of $21,309,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 236,975 shares of company stock worth $33,769,718. Insiders own 21.39% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carolinas Wealth Consulting LLC increased its holdings in Garmin by 123.5% in the second quarter. Carolinas Wealth Consulting LLC now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Harbour Investments Inc. bought a new stake in Garmin in the first quarter valued at about $27,000. Arkadios Wealth Advisors increased its holdings in Garmin by 74.8% in the first quarter. Arkadios Wealth Advisors now owns 215 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 92 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Garmin in the first quarter valued at about $30,000. Finally, E Fund Management Co. Ltd. bought a new stake in Garmin in the first quarter valued at about $35,000. Institutional investors and hedge funds own 49.38% of the company’s stock.

About Garmin

Garmin Ltd. is a holding company, which engages in the provision of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology. It operates through the following five segments: Marine, Outdoor, Fitness, Auto and Aviation. The Marine segment manufactures and offers recreational marine electronics such as cartography, Sounders, Radar, Autopilot Systems and Sailing.

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Analyst Recommendations for Garmin (NASDAQ:GRMN)

Top 5 Insurance Stocks To Watch For 2019

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By limiting our search to companies in our “Computer and Technology” sector with Zacks Rank #2 (Buy) or better rankings, we can ensure that we are finding the highest quality stocks to buy right now. Throw in your preferred dividend yield and voila—the best tech stocks for dividend investors to target!

Check out these stocks to buy now:

Top 5 Insurance Stocks To Watch For 2019: American Tower Corporation (REIT)(AMT)

When I’m looking for an industry with decades and decades of staying power, wireless networks easily spring to mind. Not the network providers themselves, of course, since that industry is intensely competitive, and it’s difficult to pick out any long-term winners there. No, I’m talking about the infrastructure behind it all.

Say hello to American Tower, a global leader in the business of making wireless networks tick.

The company owns and leases more than 40,000 network sites in the U.S. alone, and that’s just 25% of American Tower’s worldwide footprint. Other hotspots of infrastructure investments include India, Brazil, and Mexico. American Tower pursues both the international and domestic markets mostly through acquisition.

The four big American networks have largely handed off their tower and small cell site management to American Tower and a handful of rivals, leasing back the tower properties they once constructed and owned. Similar deal structures are becoming popular all around the world, allowing the networks to focus on running their mobile data and voice services while American Tower and friends double down on the property management and infrastructure maintenance that they do best.

Being structured as a low-tax real-estate investment trust (REIT), American Tower must send out at least 90% of its taxable income in the form of dividend payments. That’s the shareholder-friendly catch that lets REITs qualify for extremely low corporate tax rates. So American Tower funnels essentially all of its pre-tax income straight into its dividend program, resulting in juicy payouts and generous yields.

All told, American Tower has raised its dividend payouts every year without fail, going back to the original policy in 2011. The dividend checks have more than tripled in size over the last six years, and annual yields are hovering around 2%.

And I dare say that this dividend will stick around for the very long haul, only growing larger and more wealth-building over time. That’s why I own some American Tower myself and would recommend this stock to any hunter of long-term dividends.

Top 5 Insurance Stocks To Watch For 2019: Teradyne, Inc.(TER)

Teradyne, Inc. (NYSE:TER)

Source: Shutterstock

 

If you’re an Apple Inc. (NASDAQ:AAPL) shareholder, you’ve probably heard the chatter about smartphone sales slowing including the iPhone X. For a company like Teradyne, Inc. (NYSE:TER), who manufactures automated test equipment for testing smartphones, data storage and other complex electronic systems, that’s not good news.

As a result, Teradyne seriously lowered its Q2 2018 guidance when announcing first-quarter results April 25.

“Despite the strong first quarter results, the demand outlook for 2018 mobile device test capacity declined sharply in the quarter and our second quarter guidance reflects that revised outlook,” CEO Mark Jagiela said in Teradyne’s press release.

So, instead of generating the Wall Street sales consensus of $691 million in the second quarter, Teradyne expects revenues to be as low as $490 million. This is also significantly less than the $697 million it generated a year ago.

Despite the setback in the second quarter, Teradyne is generating more free cash flow than it has in the past decade. It currently has an enterprise value of $7.2 billion, which is just 13 times free cash flow.

That’s close to value territory and worth a sniff.

Top 5 Insurance Stocks To Watch For 2019: Cohn & Steers Inc(CNS)

Some investors may know asset manager Cohen & Steers, Inc. (NYSE:CNS) for its exchange-traded and closed-end funds. But CNS itself is a worthy investment as well, particularly for income investors.

Cohen & Steers offers a strong balance sheet, as it closed Q1 with over $3 per share in cash – and no debt. Earnings continue to grind higher, with Q1 adjusted EPS climbing 32% year-over-year (thanks in part due to tax reform). CNS’s regular dividend is growing and yields 3.33%, but the company also adds a year-end payout each year, with a 3%-plus special dividend paid at the end of 2017.

There are risks here. Most notably, there’s pressure on the fee aspect of the business. Investors fear a “race to the bottom” in pricing, as index funds gain popularity. But Cohen & Steers funds generally outperform the market — 86% of assets under management in U.S. open-end funds are in 4- or 5-star funds — and growth internationally could offset any U.S.-based pressure.

Obviously, investors need to trust the market as well — including U.S. real estate, where C&S has substantial exposure. But it’s not as if CNS is all that expensive, trading at 14x forward earnings backing out cash.

And if investors are willing to put their money to work elsewhere in the market, they should consider CNS as both a fund sponsor and an investment.

Top 5 Insurance Stocks To Watch For 2019: Legacy Reserves LP(LGCY)

Little-Known Stocks to Buy: Legacy Resources (LGCY)

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Legacy Resources LP (NASDAQ:LGCY) is an oil and gas limited partnership that focuses on exploration and production of properties in Texas, the Rocky Mountains and mid-continent fields.

The stock has risen from around $1 a share in the past year to about $8 today. And its market cap is almost $650 million at this point.

Just remember, LGCY is leveraged to the price of oil and natural gas. This is fundamentally a leveraged bet on energy prices. Also, the Donald Trump administration has talked about changing the rules related to limited partnerships, which may affect LGCY’s 7.2% dividend.

But at this point, with the summer driving season upon us, this one looks like it has some legs left, especially if tensions in the Middle East continue to run high.

Top 5 Insurance Stocks To Watch For 2019: Garmin Ltd.(GRMN)

The beauty of Garmin Ltd. (NASDAQ:GRMN) truly is in the eye of the beholder. The company has done a hugely impressive job adapting to a steady multi-year decline in sales of its GPS units.

Revenue in that business has dropped by over half in just the last seven years. But a pivot to the marine and outdoor categories, along with ‘smartwatch’ sales, have allowed Garmin to grow regardless. First- quarter revenue actually set a record despite continuing weakness in the automotive business.

Meanwhile, Garmin has a whopping $12 per share in cash, and no debt. It yields 3.55%. And backing out that cash, 2018 EPS guidance suggests a reasonable ~16x multiple.

But I’m still not quite sold on GRMN, as I wrote back in February. The hardware business is notoriously tough, as shareholders of Fitbit Inc (NYSE:FIT) and GoPro Inc (NASDAQ:GPRO) have learned. Top-line growth isn’t that impressive, and a reasonable multiple looks about right going forward considering the company’s growth prospects.

I’ll admit, however, that other investors might see it differently — and at the least investors buying GRMN stock should know they’re in good hands as far as management goes. James Brumley made the case for GRMN this month, and he makes some good points.

Even bears have to admit that the company has performed exceedingly well in a very difficult industry. On which part of that history — the performance or the industry — an investor chooses to focus likely will drive his or her sentiment toward Garmin stock going forward.