How Will Trimble Navigation (NASDAQ:TRMB) Stock React to The Latest Coverage By Wedbush?

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How Wedbush Currently Rates Trimble Navigation (NASDAQ:TRMB)

Research professionals at Wedbush began coverage on Trimble Navigation (NASDAQ:TRMB) with Outperform rating. This was sent to investors and clients in a note on Wednesday morning.

From a total of 8 analysts covering Trimble Navigation Limited (NASDAQ:TRMB) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 42% of the ratings are positive. The highest target price is $28 while the lowest target price is $20. The mean of all analyst targets is $23.13 with a -8.90% below today’s ($23.6) stock price. Trimble Navigation Limited was the topic of 8 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on November 20 to “Neutral” rating. JP Morgan maintained TRMB stock in a recent report from September 25 with “Overweight” rating. Finally, Craig Hallum maintained the stock with “Hold” rating in a report issued on an August 5.

Approximately 951,529 shares of stock traded hands. Trimble Navigation Limited (NASDAQ:TRMB) has declined 10.95% since April 29, 2015 and is downtrending. It has underperformed by 10.75% the S&P500.

Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers. The company has a market cap of $5.74 billion. The Firm operates through four divisions: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. It has 40.22 P/E ratio. The Engineering and Construction segment provides heavy civil construction, building construction and geospatial solutions.

According to Zacks Investment Research, “Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location-including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office.” Get a free copy of the Zacks research report on Trimble Navigation Limited (TRMB).

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