Trimble Navigation Limited Given Consensus Rating of “Hold” by Brokerages (NASDAQ:TRMB)
Trimble Navigation Limited (NASDAQ:TRMB) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the stock, American Banking & Market News reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $41.17.
Shares of Trimble Navigation Limited (NASDAQ:TRMB) opened at 33.66 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 $32.79 and its 200-day moving average is $36.05. The company has a market cap of $8.749 billion and a price-to-earnings ratio of 33.94.
Trimble Navigation Limited (NASDAQ:TRMB) last released its earnings data on Tuesday, August 5th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. Analysts expect that Trimble Navigation Limited will post $1.63 EPS for the current fiscal year.
A number of analysts have recently weighed in on TRMB shares. 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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