Trimble Navigation Limited (TRMB) Receives Analyst Rating

Trimble Navigation Limited (TRMB) : Zacks Investment Research ranks Trimble Navigation Limited (TRMB) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.69, which indicates as a Buy.

Trimble Navigation Limited (TRMB) : The most positive equity analysts on Trimble Navigation Limited (TRMB) expects the shares to touch $32, whereas, the least positive believes that the stock will trade at $20 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $26.8 with an expected fluctuation of $4.89 from the mean.


Also, JP Morgan downgrades their rating on the shares of Trimble Navigation Limited (NASDAQ:TRMB). The current rating of the shares is Neutral. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on June 28, 2016.

Trimble Navigation Limited (NASDAQ:TRMB): After opening at $26.1, the stock dipped to an intraday low of $26.1 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.66 and the buying power remained strong till the end. The stock closed at $26.56 for the day, a gain of 1.76% for the day session. The total traded volume was 511,541. The stocks close on the previous trading day was $26.1.

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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