#5 - Garmin (NYSE:GRMN)
Garmin (NASDAQ:GRMN) may be most famous for its GPS devices but it is so much more than that. This company makes electronic devices both connected and not for all walks of life. Not only are there a wide array of GPS devices to choose from (car, boat, hiker, etc) but there are also products for fishermen, bicyclists, hunters, fitness, aviation, and on and on. While there is some weakness on a segment basis, most segments are reporting high-single to low double-digit sales increases versus the same period in 2019.
This company doesn’t offer the same kind of value as some others on our list but that’s because it has been growing at a steady high single-digit to low double-digit rate for several years. Even so, trading about 24X 2020 earnings the stock is a value relative to other dividend-paying stocks in the tech sector. The stock yields about 2.0% with shares near $118 and there is some expectation for dividend growth.
About Garmin
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.
Read More - Current Price
- $216.24
- Consensus Rating
- Reduce
- Ratings Breakdown
- 1 Buy Ratings, 2 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $162.67 (24.8% Downside)
