Morgan Stanley (NYSE:MS) analyst Morgan Stanley maintained a Hold rating on Garmin on Thursday, setting a price target of $147, which is approximately 6.86% below the present share price of $157.82.
expects Garmin to post earnings per share (EPS) of $0.00 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Garmin, with an average price target of $162.2.
The analysts price targets range from a high of $180 to a low of $147.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.33 billion and a net profit of $371.17 million. The company's market cap is $30.32 billion.
According to TipRanks.com, Morgan Stanley analyst Morgan Stanley is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.4% and a 59.00% success rate.
Switzerland-based Garmin Ltd (NASDAQ:GRMN). 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.