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Trimble Navigation (NASDAQ:TRMB) was upgraded by investment analysts at Ned Davis Research from a “sell” rating to a “neutral” rating in a note issued to investors on Monday, AR Network reports.

Trimble Navigation (NASDAQ:TRMB) traded up 1.60% during mid-day trading on Monday, hitting $35.58. 1,306,906 shares of the company’s stock traded hands. Trimble Navigation has a 1-year low of $24.66 and a 1-year high of $40.17. The stock has a 50-day moving average of $38.11 and a 200-day moving average of $35.08. The company has a market cap of $9.243 billion and a P/E ratio of 38.48.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.03. The company had revenue of $604.70 million for the quarter, compared to the consensus estimate of $618.20 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts predict that Trimble Navigation will post $1.66 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Trimble Navigation in a research note on Wednesday, May 7th. They now have a $40.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Trimble Navigation from $38.00 to $41.00 in a research note on Monday, May 5th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Trimble Navigation from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 5th. They now have a $43.00 price target on the stock, up previously from $36.00. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $42.56.

Trimble Navigation Limited (NASDAQ:TRMB) provides technology solutions.

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