Trimble Navigation Limited Receives Average Recommendation of “Hold” from Analysts (NASDAQ:TRMB)
Trimble Navigation Limited (NASDAQ:TRMB) has received an average rating of “Hold” from the nine brokerages that are covering the company, ARN reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $41.17.
Shares of Trimble Navigation Limited (NASDAQ:TRMB) opened at 33.17 on Wednesday. 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 $33.08 and its 200-day moving average is $36.08. The company has a market cap of $8.621 billion and a P/E ratio of 33.47.
Trimble Navigation Limited (NASDAQ:TRMB) last announced its earnings results 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 $1.63 earnings per share for the current fiscal year.
A number of research firms have recently commented on TRMB. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Trimble Navigation Limited in a research note on Wednesday, August 6th. They now have a $39.00 price target on the stock, down previously from $41.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Trimble Navigation Limited in a research note on Wednesday, August 6th. They now have a $33.00 price target on the stock. Finally, 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, August 6th. They now have a “buy” rating on the stock.
Trimble Navigation Limited (NASDAQ:TRMB) provides technology solutions.
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