Trimble Navigation Limited’s “Overweight” Rating Reaffirmed at JPMorgan Chase & Co. (TRMB)
Trimble Navigation Limited (NASDAQ:TRMB)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They currently have a $39.00 price objective on the stock, down from their previous price objective of $41.00. JPMorgan Chase & Co.’s price target points to a potential upside of 20.18% from the stock’s previous close.
Shares of Trimble Navigation Limited (NASDAQ:TRMB) traded up 3.91% during mid-day trading on Wednesday, hitting $32.45. The stock had a trading volume of 3,134,353 shares. Trimble Navigation Limited has a 1-year low of $24.90 and a 1-year high of $40.17. The stock’s 50-day moving average is $33.82 and its 200-day moving average is $36.13. The company has a market cap of $8.466 billion and a price-to-earnings ratio of 34.32.
Trimble Navigation Limited (NASDAQ:TRMB) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.05. The company had revenue of $642.20 million for the quarter, compared to the consensus estimate of $621.23 million. During the same quarter last year, the company posted $0.38 earnings per share. Trimble Navigation Limited’s revenue was up 11.4% compared to the same quarter last year. On average, analysts predict that Trimble Navigation Limited will post $1.62 earnings per share for the current fiscal year.
TRMB has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Trimble Navigation Limited in a research note on Wednesday. They now have a $33.00 price target on the stock. Separately, analysts at MKM Partners cut their price target on shares of Trimble Navigation Limited from $40.00 to $39.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Trimble Navigation Limited from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Trimble Navigation Limited has an average rating of “Hold” and an average target price of $41.17.
Trimble Navigation Limited (NASDAQ:TRMB) provides technology solutions.
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