Merrill Lynch analyst Ronald Epstein reiterated a Buy rating on Garmin on Thursday, setting a price target of $146, which is approximately 20.87% above the present share price of $120.79.
Epstein expects Garmin to post earnings per share (EPS) of $1.64 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Garmin, with an average price target of $124.
The analysts price targets range from a high of $146 to a low of $107.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $1.11 billion and a net profit of $317.1 million. The company's market cap is $23.1 billion.
According to TipRanks.com, Merrill Lynch analyst Ronald Epstein is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.0% and a 53.91% success rate.
Garmin Ltd (NASDAQ:GRMN). 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. The Outdoor segment offers products designed for use in outdoor activities such as Outdoor Handhelds, Adventure Watches, Golf Devices, Dog Tracking & Training Device, Garmin Connect & Garmin Connect Mobile and Connect IQ. The Fitness segment involves in products designed for use in fitness and activity tracking such as Running & Multi-Sport Watches, Cycling Computers, Power Mete, Safety & Awareness and Activity Tracking Devices. The Auto segment offers products designed for use in the auto market such as Personal Navigation Devices, Original Equipment Manufacturer (OEM) Solutions and Cameras. The Aviation segment provides solutions to aircraft manufacturers, existing aircraft owners and operators, as well as government/defense customers. The company was founded in 1989 and is headquartered in Schaffhausen, Switzerland.