Press coverage about Trimble (NASDAQ:TRMB) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trimble earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the scientific and technical instruments company an impact score of 45.9938235416302 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Trimble rains on the GFA parade with supposed threat from loyalist paramiltaries over Brexit terms (sluggerotoole.com)
- SDLP accuses Trimble of Brexit scaremongering (rte.ie)
- Government rejects Trimble’s warnings over its Brexit stance (irishtimes.com)
- Global Light Detection and Ranging Devices Market 2018 – Renishaw , Airborne Imaging , Trimble Navigation (anglophonetribune.com)
- Technical Recap on Trimble Inc. (TRMB) (wallstreetmorning.com)
Shares of NASDAQ:TRMB traded down $1.39 on Friday, hitting $34.35. 1,214,091 shares of the company’s stock were exchanged, compared to its average volume of 1,106,783. Trimble has a 12 month low of $30.45 and a 12 month high of $45.70. The company has a market cap of $8,539.17, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 2.39 and a beta of 2.43. The company has a current ratio of 1.63, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33.
TRMB has been the subject of several recent analyst reports. BidaskClub lowered shares of Trimble from a “hold” rating to a “sell” rating in a research note on Saturday, February 24th. Zacks Investment Research raised shares of Trimble from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, December 26th. Oppenheimer reaffirmed a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Trimble in a research note on Wednesday, January 31st. Finally, TheStreet downgraded Trimble from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Trimble presently has a consensus rating of “Hold” and an average target price of $42.10.
In related news, Director Ulf J. Johansson sold 50,000 shares of Trimble 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 sale, the director now directly owns 42,670 shares in the company, valued at $1,624,446.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark S. Peek sold 5,000 shares of Trimble stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $39.36, for a total value of $196,800.00. Following the completion of the sale, the director now owns 35,000 shares of the company’s stock, valued at $1,377,600. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 471,946 shares of company stock valued at $18,558,140. Corporate insiders own 1.40% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Trimble (TRMB) Earning Somewhat Positive News Coverage, Analysis Finds” was first posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.tickerreport.com/banking-finance/3341992/trimble-trmb-earning-somewhat-positive-news-coverage-analysis-finds.html.
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.