Garmin stock news
Here are some recent news articles and updates about Garmin Ltd. (GRMN), a leading provider of GPS navigation and wearable technology:
Recent News
- Garmin Reports Strong Q2 Earnings: Garmin reported its Q2 2022 earnings on July 27, 2022, beating analyst expectations. The company's revenue grew 14% year-over-year to $1.43 billion, driven by strong demand for its aviation and outdoor products. (Source: Garmin's Q2 2022 Earnings Release)
- Garmin Launches New Forerunner 955 Smartwatch: On July 13, 2022, Garmin launched its latest Forerunner 955 smartwatch, featuring advanced running dynamics, music storage, and Garmin Pay. (Source: Garmin's Press Release)
- Garmin Partners with T-Mobile to Offer In-Car Navigation: In June 2022, Garmin partnered with T-Mobile to offer its in-car navigation system, Garmin Live Traffic, to T-Mobile customers. (Source: T-Mobile's Press Release)
- Garmin Acquires Trafi, a Mobility-as-a-Service Platform: In May 2022, Garmin acquired Trafi, a mobility-as-a-service platform that provides real-time traffic information and route planning. (Source: Garmin's Press Release)
Recent Analyst Coverage
- Morgan Stanley Upgrades Garmin to "Overweight": On July 28, 2022, Morgan Stanley upgraded Garmin's stock to "overweight" from "equal weight," citing the company's strong Q2 earnings and growth prospects. (Source: Morgan Stanley's Research Note)
- J.P. Morgan Maintains "Neutral" Rating on Garmin: On July 27, 2022, J.P. Morgan maintained its "neutral" rating on Garmin, citing the company's mixed Q2 earnings and concerns about the impact of inflation on consumer spending. (Source: J.P. Morgan's Research Note)
Recent Stock Performance
Garmin's stock (GRMN) has been trading relatively flat over the past year, with a slight decline of around 5%. However, the stock has shown some strength in recent months, driven by the company's strong Q2 earnings and growth prospects.
Key Statistics
- Market Capitalization: $34.6 billion
- 52-Week Range: $63.11 - $84.99
- Dividend Yield: 2.3%
- P/E Ratio: 24.5
Please note that the information provided is subject to change and may not reflect the company's current financial situation or stock performance. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.