Shares of Trimble Inc (NASDAQ:TRMB) have been given a consensus rating of “Hold” by the twelve research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $41.78.
Several equities research analysts recently commented on the company. BidaskClub cut Trimble from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised Trimble from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Oppenheimer set a $50.00 target price on Trimble and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, TheStreet cut Trimble from a “b” rating to a “c+” rating in a research report on Thursday, February 8th.
In other news, CEO Steven W. Berglund sold 200,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $39.25, for a total value of $7,850,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ulf J. Johansson sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $38.07, for a total value of $1,903,500.00. Following the completion of the transaction, the director now directly owns 42,670 shares in the company, valued at approximately $1,624,446.90. The disclosure for this sale can be found here. Insiders sold 471,946 shares of company stock worth $18,558,140 over the last three months. Insiders own 1.40% of the company’s stock.
Trimble (NASDAQ:TRMB) traded down $0.19 during trading on Friday, hitting $39.16. The company had a trading volume of 224,740 shares, compared to its average volume of 1,091,096. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.63 and a quick ratio of 1.29. Trimble has a 12 month low of $30.45 and a 12 month high of $45.70. The stock has a market capitalization of $9,794.11, a PE ratio of 30.35, a PEG ratio of 2.34 and a beta of 2.41.
Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Thursday, February 8th. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Trimble had a return on equity of 13.37% and a net margin of 4.56%. The company had revenue of $708.40 million for the quarter, compared to analysts’ expectations of $674.84 million. During the same period last year, the firm posted $0.31 earnings per share. Trimble’s revenue was up 21.0% compared to the same quarter last year. research analysts anticipate that Trimble will post 1.5 earnings per share for the current fiscal year.
Trimble declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 15th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
COPYRIGHT VIOLATION WARNING: This report was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3259898/trimble-inc-trmb-receives-41-78-average-price-target-from-brokerages.html.
Trimble Company Profile
Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.
Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.