Analyst Price Target Update on Trimble Navigation Limited (NASDAQ:TRMB)

Trimble Navigation Limited (NASDAQ:TRMB) shares are expected to touch $25.5 in the short term. This short term price target has been shared by 10 analysts. However, the standard deviation of short term price estimate has been valued at 4.77. The target price could hit $32 on the higher end and $20 on the lower end.

Many analysts have stated their opinion on the company shares. FBR Capital initiates coverage on Trimble Navigation Limited (NASDAQ:TRMB). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm announces the price target at $32 per share. The rating by the firm was issued on May 11, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President) of Trimble Navigation Ltd /Ca/, Kirkland James A had sold 512 shares worth of $12,703 in a transaction dated May 26, 2016. In this transaction, 512 shares were sold at $24.81 per share.

Trimble Navigation Limited (NASDAQ:TRMB) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.02 points or 0.08% at $25.94 with 1,282,420 shares getting traded. Post opening the session at $25.82, the shares hit an intraday low of $25.745 and an intraday high of $26.32 and the price was in this range throughout the day. The company has a market cap of $6,513 million and the number of outstanding shares have been calculated to be 251,073,520 shares. The 52-week high of Trimble Navigation Limited (NASDAQ:TRMB) is $26.53 and the 52-week low is $15.9.

Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment provides heavy civil construction, building construction and geospatial solutions. The Field Solutions segment offers positioning systems, automated application systems, and data collection and integration systems. The Mobile Solutions segment includes its Transportation and Logistics, and Field Service Management businesses. The Advanced Devices segment includes its Embedded Technologies, Military and Advanced Systems, and ThingMagic businesses. Its brands include Trimble, PeopleNet, GEOTrac and TMW. In addition, it offers TILOS software, which merges both location and schedule into one combined time and distance graphical view, and FlexiCadastre software, which provides land management solution.

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