Analyst Rating Update on Trimble Navigation Limited (TRMB)

Trimble Navigation Limited (NASDAQ:TRMB) : 7 brokerage houses believe that Trimble Navigation Limited (NASDAQ:TRMB) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Trimble Navigation Limited (NASDAQ:TRMB). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 1.79.

Trimble Navigation Limited (NASDAQ:TRMB) : The highest short term price target forecast on Trimble Navigation Limited (NASDAQ:TRMB) is $32 and the lowest target price is $20. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $26.09 with a standard deviation of $4.81.

For the current week, the company shares have a recommendation consensus of Buy. Also, Raymond James 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 rating by the firm was issued on June 14, 2016.

Trimble Navigation Limited (NASDAQ:TRMB): On Tuesdays trading session , Opening price of the stock was $23.81 with an intraday high of $24.57. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.65. However, the stock managed to close at $23.89, a loss of 0.75% for the day. On the previous day, the stock had closed at $24.07. The total traded volume of the day was 2,282,546 shares.

In an insider trading activity,The officer (Vice President) of Trimble Navigation Ltd /Ca/, Kirkland James A sold 512 shares at $24.81 on May 26, 2016. The Insider selling transaction had a total value worth of $12,703. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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