JPMorgan Chase Cuts Price Target on Trimble Navigation (TRMB)
Investment analysts at JPMorgan Chase (NYSE: JPM) cut their target price on shares of Trimble Navigation (NASDAQ: TRMB) to $55.00 in a note issued to investors on Monday. The firm currently has an “overweight” rating on the stock.
Trimble Navigation traded up 1.72% on Monday, hitting $46.08. Trimble Navigation has a 52-week low of $31.88 and a 52-week high of $55.95. The company has a market cap of $5.764 billion and a price-to-earnings ratio of 35.36.
Trimble Navigation last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.06. Trimble Navigation’s revenue was up 30.7% compared to the same quarter last year. Analysts expect that Trimble Navigation will post $0.61 EPS next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Dougherty & Co raised their price target on shares of Trimble Navigation from $57.00 to $62.00 in a research note to investors on Friday, May 4th. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of Trimble Navigation in a research note to investors on Friday, May 4th. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Trimble Navigation in a research note to investors on Monday, April 30th.
Trimble Navigation Limited (Trimble) provides advanced positioning product solutions, to commercial and government users.