Needham & Company Reaffirms Buy Rating on Trimble Navigation (TRMB)

By admin | 6 years ago

Trimble Navigation (NASDAQ: TRMB)‘s stock had its “buy” rating restated by equities researchers at Needham & Company in a report issued on Friday.

Shares of Trimble Navigation traded down 1.09% during mid-day trading on Friday, hitting $51.04. 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 $6.348 billion and a P/E ratio of 40.28.

Trimble Navigation last announced its earnings results on Thursday, May 3rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. On average, analysts predict that Trimble Navigation will post $0.61 earnings per share next quarter.

A number of other firms have also recently commented on TRMB. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Trimble Navigation in a research note to investors on Monday, April 30th. Separately, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of Trimble Navigation from $64.00 to $65.00 in a research note to investors on Monday, April 16th. Finally, analysts at Zacks upgraded shares of Trimble Navigation from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, February 9th. They now have a $61.00 price target on the stock.

Trimble Navigation Limited (Trimble) provides advanced positioning product solutions, to commercial and government users.

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