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Garmin (GRMN) Competitors

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$205.57 -1.80 (-0.87%)
(As of 11/20/2024 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 investment? We will compare the two businesses based on the strength of their valuation, institutional ownership, analyst recommendations, media sentiment, community ranking, profitability, earnings, dividends and risk.

Universal Electronics has a beta of 1.13, indicating that its stock price is 13% more volatile than the S&P 500. Comparatively, Garmin has a beta of 0.97, indicating that its stock price is 3% less volatile than the S&P 500.

In the previous week, Garmin had 19 more articles in the media than Universal Electronics. MarketBeat recorded 22 mentions for Garmin and 3 mentions for Universal Electronics. Garmin's average media sentiment score of 0.49 beat Universal Electronics' score of 0.39 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
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Garmin
10 Very Positive mention(s)
4 Positive mention(s)
8 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

79.3% of Universal Electronics shares are held by institutional investors. Comparatively, 73.4% of Garmin shares are held by institutional investors. 9.4% of Universal Electronics shares are held by company insiders. Comparatively, 19.5% of Garmin shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Universal Electronics currently has a consensus target price of $14.50, suggesting a potential upside of 23.93%. Garmin has a consensus target price of $162.67, suggesting a potential downside of 20.87%. Given Universal Electronics' stronger consensus rating and higher possible upside, analysts plainly 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

Garmin received 124 more outperform votes than Universal Electronics when rated by MarketBeat users. However, 57.14% of users gave Universal Electronics an outperform vote while only 52.01% of users gave Garmin an outperform vote.

CompanyUnderperformOutperform
Universal ElectronicsOutperform Votes
328
57.14%
Underperform Votes
246
42.86%
GarminOutperform Votes
452
52.01%
Underperform Votes
417
47.99%

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$382.02M0.40-$98.24M-$2.05-5.71
Garmin$5.23B7.55$1.29B$7.8826.09

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%

Summary

Garmin beats Universal Electronics on 13 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$39.47B$15.26B$23.64B$19.87B
Dividend Yield1.44%1.67%2.77%3.52%
P/E Ratio26.0921.16269.7642.95
Price / Sales7.5546.773,234.5919.16
Price / Cash31.8620.0432.4517.86
Price / Book5.6128.507.365.52
Net Income$1.29B$493.28M$660.95M$986.45M
7 Day Performance-2.72%2.55%0.24%0.45%
1 Month Performance23.39%20.26%0.82%1.05%
1 Year Performance72.15%88.08%18.79%24.67%

Garmin Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
GRMN
Garmin
4.1348 of 5 stars
$205.57
-0.9%
$162.67
-20.9%
+71.2%$39.82B$5.23B26.0919,900
UEIC
Universal Electronics
3.8158 of 5 stars
$11.70
+2.6%
$14.50
+23.9%
+43.9%$148.52M$420.46M0.004,177
NOC
Northrop Grumman
4.8334 of 5 stars
$491.98
+0.2%
$550.56
+11.9%
+5.6%$71.54B$39.29B30.48101,000Analyst Downgrade
Analyst Revision
Positive News
LHX
L3Harris Technologies
4.6238 of 5 stars
$244.36
+0.3%
$267.50
+9.5%
+31.0%$46.20B$19.42B38.6050,000Ex-Dividend
Positive News
TDY
Teledyne Technologies
4.373 of 5 stars
$470.45
+1.2%
$517.50
+10.0%
+20.3%$21.66B$5.64B23.7814,900Analyst Revision
DRS
Leonardo DRS
1.6712 of 5 stars
$34.96
-0.4%
$32.17
-8.0%
+81.6%$9.28B$2.83B47.246,600
NXT
Nextracker
4.0116 of 5 stars
$37.59
+3.3%
$55.15
+46.7%
-5.3%$5.30B$2.50B9.371,050Analyst Forecast
Analyst Revision
Positive News
NN
NextNav
3.2019 of 5 stars
$15.35
-5.3%
$20.00
+30.3%
+220.5%$2.09B$3.86M0.0060Analyst Revision
LUNR
Intuitive Machines
2.0517 of 5 stars
$12.07
-3.9%
$13.10
+8.5%
+305.0%$1.61B$79.52M-4.11382
IPAX
Inflection Point Acquisition
N/A$12.07
-3.9%
N/A+321.5%$497.51MN/A0.001High Trading Volume
CODA
Coda Octopus Group
1.7606 of 5 stars
$9.73
+7.9%
$11.00
+13.1%
+58.5%$100.98M$19.35M36.0480High Trading Volume

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This page (NYSE:GRMN) was last updated on 11/21/2024 by MarketBeat.com Staff
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