Research Analysts’ Recent Ratings Updates for Trimble (TRMB)

Several analysts have recently updated their ratings and price targets for Trimble (NASDAQ: TRMB):

  • 2/9/2018 – Trimble was given a new $50.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 2/8/2018 – Trimble was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 2/7/2018 – Trimble was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/6/2018 – Trimble was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Trimble is facing competition in all of its markets, impacting its profits. Moreover, weakness in European Geospatial market, slow down in Asia Pacific, uncertainty in the United States and Mexico are major headwinds. Recent acquisitions are also expected to be dilutive to the bottom-line, which does not augur well for investors. However, Trimble’s aggressive acquisition strategy will help it to rapidly expand product portfolio, improve competitive positions and enter new markets. Recent acquisitions have expanded Trimble’s Transportation, Agriculture Management and Forest solutions portfolio. Moreover, they have aided the company to expand in markets like Germany, Finland and Canada. We also note that the company’s initiatives toward lowering the cost structure is helping in improving profits. The company expects operating margin expansion to continue, going forward.”
  • 1/31/2018 – Trimble had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $50.00 price target on the stock, up previously from $45.00.
  • 1/23/2018 – Trimble was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/26/2017 – Trimble was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. According to Zacks, “Trimble has outperformed the industry on a year-to-date basis. The company’s aggressive acquisition strategy is helping it to rapidly expand product portfolio, improve competitive positions and enter new markets. Recent acquisitions have expanded Trimble’s Transportation, Agriculture Management and Forest solutions portfolio. Moreover, they have aided the company to expand in markets like Germany, Finland and Canada. We also note that the company’s initiatives toward lowering the cost structure is helping in improving profits.  The company expects operating margin expansion to continue, going forward. However, intensifying competition, weakness in European Geospatial market, slow down in Asia Pacific, uncertainty in the United States and Mexico are major headwinds. Recent acquisitions are also expected to be dilutive to the bottom-line, which does not augur well for investors.”
  • 12/16/2017 – Trimble was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Trimble Inc (NASDAQ:TRMB) traded down $1.27 during trading on Monday, reaching $38.07. 2,829,000 shares of the company’s stock were exchanged, compared to its average volume of 962,203. The firm has a market cap of $9,475.49, a price-to-earnings ratio of 81.00, a price-to-earnings-growth ratio of 2.33 and a beta of 2.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 1.63. Trimble Inc has a 52-week low of $30.45 and a 52-week high of $45.70.

Trimble (NASDAQ:TRMB) last released its earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $708.40 million during the quarter, compared to analyst estimates of $674.84 million. Trimble had a net margin of 4.56% and a return on equity of 13.37%. The business’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. analysts forecast that Trimble Inc will post 1.46 earnings per share for the current year.

In other news, VP Jurgen Kliem sold 995 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $42.50, for a total transaction of $42,287.50. Following the transaction, the vice president now owns 18,175 shares in the company, valued at approximately $772,437.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James Veneziano sold 13,502 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $41.40, for a total transaction of $558,982.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,579 shares of company stock valued at $1,923,335. Company insiders own 1.40% of the company’s stock.

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

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