Trimble Navigation (NASDAQ:TRMB):
Trimble Adds Distributors to its Global Vantage Network for Agriculture.
The company is up by 0.49% since yesterday’s close of 40.94.
Trimble Inc., formerly Trimble Navigation Limited, launched on August 10, 2016, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. Its products integrate real-time positioning or location technologies with wireless communications and software or information technologies..
The company’s P/E ratio is 54.45 and the market cap of the company is 10.41B. In the latest earnings report the EPS was $0.76 with 258.00M shares now outstanding.
Investors are feeling more bearish on shares of Trimble Navigation of late if you take a look at the change in short interest. The firm saw a rise in short interest of 5.63% between September 29, 2017 and October 13, 2017. Short interest grew 112,248 over that period. With short interest at 2,107,709 and short average daily volume at 742,621, the short-interest ratio is 3.0 and the short interest percentage is 0.01% as of October 13.
Ratings analysts have weighed in on the company recently. October 29 investment analysts at Needham & Company LLC left the stock rating at “Buy” projecting a price of $45.00. Wells Fargo & Company raised the price target on October 27 changing the forecast from $34.00 to $37.00 with a “Market Perform” recommendation.
Equity analyst Oppenheimer Holdings raised the price target on October 27 boosting the projection from $41.00 to $45.00 and issued a “Outperform” rating. On October 19, 2017 Oppenheimer Holdings reiterated a “Buy” rating on the stock.
On October 1, 2017 Piper Jaffray Companies released a research note on TRMB stating a rating of “Buy” and establishing a price target of $43.00. Robert W. Baird raised the price target of the stock on September 22 changing the price objective from $40.00 to $44.00 with a rating of “Outperform”.Advertisement