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Garmin (GRMN) Competitors

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$208.99 +3.57 (+1.74%)
(As of 12/20/2024 05:45 PM ET)

GRMN vs. UEIC, NOC, LHX, TDY, DRS, NXT, NN, LUNR, IPAX, and CODA

Should you be buying Garmin stock or one of its competitors? The main competitors of Garmin include Universal Electronics (UEIC), Northrop Grumman (NOC), L3Harris Technologies (LHX), Teledyne Technologies (TDY), Leonardo DRS (DRS), Nextracker (NXT), NextNav (NN), Intuitive Machines (LUNR), Inflection Point Acquisition (IPAX), and Coda Octopus Group (CODA).

Garmin vs.

Universal Electronics (NASDAQ:UEIC) and Garmin (NYSE:GRMN) are both computer and technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their community ranking, risk, earnings, dividends, profitability, valuation, analyst recommendations, institutional ownership and media sentiment.

Garmin received 123 more outperform votes than Universal Electronics when rated by MarketBeat users. However, 57.29% of users gave Universal Electronics an outperform vote while only 52.07% of users gave Garmin an outperform vote.

CompanyUnderperformOutperform
Universal ElectronicsOutperform Votes
330
57.29%
Underperform Votes
246
42.71%
GarminOutperform Votes
453
52.07%
Underperform Votes
417
47.93%

In the previous week, Garmin had 8 more articles in the media than Universal Electronics. MarketBeat recorded 12 mentions for Garmin and 4 mentions for Universal Electronics. Garmin's average media sentiment score of 1.03 beat Universal Electronics' score of 0.50 indicating that Garmin is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Universal Electronics
0 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Garmin
6 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Universal Electronics currently has a consensus price target of $14.50, suggesting a potential upside of 33.89%. Garmin has a consensus price target of $171.00, suggesting a potential downside of 18.18%. Given Universal Electronics' stronger consensus rating and higher possible upside, research analysts clearly believe Universal Electronics is more favorable than Garmin.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Universal Electronics
0 Sell rating(s)
0 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
3.00
Garmin
3 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
1.83

Universal Electronics has a beta of 1.2, indicating that its share price is 20% more volatile than the S&P 500. Comparatively, Garmin has a beta of 0.97, indicating that its share price is 3% less volatile than the S&P 500.

79.3% of Universal Electronics shares are held by institutional investors. Comparatively, 81.6% of Garmin shares are held by institutional investors. 9.4% of Universal Electronics shares are held by insiders. Comparatively, 19.5% of Garmin shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Garmin has a net margin of 25.48% compared to Universal Electronics' net margin of -6.96%. Garmin's return on equity of 17.99% beat Universal Electronics' return on equity.

Company Net Margins Return on Equity Return on Assets
Universal Electronics-6.96% -8.61% -4.39%
Garmin 25.48%17.99%14.59%

Garmin has higher revenue and earnings than Universal Electronics. Universal Electronics is trading at a lower price-to-earnings ratio than Garmin, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Universal Electronics$382.02M0.37-$98.24M-$2.05-5.28
Garmin$5.96B6.74$1.29B$7.8826.52

Summary

Garmin beats Universal Electronics on 14 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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GRMN vs. The Competition

MetricGarminSearch & navigation equipment IndustryComputer SectorNYSE Exchange
Market Cap$40.13B$14.52B$25.85B$19.18B
Dividend Yield1.42%1.77%2.78%3.60%
P/E Ratio26.5218.11238.1241.28
Price / Sales6.7445.063,331.6617.60
Price / Cash33.7420.9635.7821.28
Price / Book5.7028.078.095.32
Net Income$1.29B$493.28M$681.16M$989.88M
7 Day Performance-2.98%1.93%0.44%-3.54%
1 Month Performance-0.10%2.36%7.01%-3.68%
1 Year Performance64.11%103.04%23.07%12.14%

Garmin Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
GRMN
Garmin
4.3061 of 5 stars
$208.99
+1.7%
$171.00
-18.2%
+65.8%$40.13B$5.96B26.5219,900Positive News
High Trading Volume
UEIC
Universal Electronics
4.6421 of 5 stars
$11.64
+1.5%
$14.50
+24.6%
+32.9%$151.65M$382.02M-5.604,177Analyst Downgrade
News Coverage
NOC
Northrop Grumman
4.8419 of 5 stars
$483.41
+0.7%
$553.27
+14.5%
+2.7%$70.43B$40.99B29.74101,000Buyback Announcement
LHX
L3Harris Technologies
4.9594 of 5 stars
$222.34
-0.4%
$269.13
+21.0%
+3.4%$42.17B$21.14B35.3550,000Insider Trade
TDY
Teledyne Technologies
4.089 of 5 stars
$479.77
+1.0%
$531.00
+10.7%
+10.7%$22.36B$5.64B24.0214,900Insider Trade
Positive News
DRS
Leonardo DRS
1.9389 of 5 stars
$34.76
+2.0%
$32.17
-7.5%
+77.0%$9.19B$2.83B46.076,600
NXT
Nextracker
3.5208 of 5 stars
$35.55
+0.2%
$54.30
+52.7%
-22.2%$5.17B$2.50B8.851,050Analyst Forecast
NN
NextNav
2.6187 of 5 stars
$18.29
+8.9%
$20.00
+9.3%
+278.6%$2.36B$3.86M-24.1560Positive News
LUNR
Intuitive Machines
1.5358 of 5 stars
$12.61
+7.9%
$14.10
+11.8%
+423.9%$1.77B$203.90M-3.97382Gap Down
IPAX
Inflection Point Acquisition
N/A$10.42
+12.4%
N/A+406.9%$429.50MN/A0.001Gap Down
CODA
Coda Octopus Group
3.0839 of 5 stars
$8.53
flat
$11.00
+29.0%
+38.1%$95.45M$19.35M31.5980

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This page (NYSE:GRMN) was last updated on 12/21/2024 by MarketBeat.com Staff
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