5 Best International Stocks to Buy Now

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In this article, we discuss 5 best international stocks to buy now. If you want to see more stocks in this selection, check out 10 Best International Stocks to Buy Now

5. Garmin Ltd. (NYSE:GRMN)

Number of Hedge Fund Holders: 30

Garmin Ltd. (NYSE:GRMN) was founded in 1989 and is based in Schaffhausen, Switzerland. The company designs, manufactures, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Garmin Ltd. (NYSE:GRMN) operates through Fitness, Outdoor, Aviation, Marine, and Auto segments. It is one of the best international stocks to monitor in the current market. 

On August 5, Tigress Financial analyst Ivan Feinseth reaffirmed a Strong Buy rating on Garmin Ltd. (NYSE:GRMN) but trimmed the price target on the shares to $165 from $208, citing a near-term re-rating of valuation, and called the recent pullback a “major buying opportunity.” The analyst believes resilience in Aviation and Outdoor products and Garmin Ltd. (NYSE:GRMN)’s market-leading product portfolio can overcome softness in the Fitness and Marine segments. His updated target paired with the present dividend yield represents a potential total return of more than 70% from current levels, the analyst added. 

According to Insider Monkey’s data, 30 hedge funds were bullish on Garmin Ltd. (NYSE:GRMN) at the end of June 2022, and Ken Griffin’s Citadel Investment Group is the leading position holder in the company, with 556,499 shares worth $54.6 million. 

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