Trimble Navigation Limited (TRMB) is Downgraded by JP Morgan to Neutral

Trimble Navigation Limited (TRMB) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on Jun 28, 2016.

Many Wall Street Analysts have commented on Trimble Navigation Limited. Company shares were Reiterated by Wedbush on Jun 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 29 from a previous price target of $27 .Raymond James Initiated Trimble Navigation Limited on Jun 14, 2016 to “Outperform”, Price Target of the shares are set at $30.FBR Capital Initiated Trimble Navigation Limited on May 11, 2016 to “Outperform”, Price Target of the shares are set at $32.

On the company’s financial health, Trimble Navigation Limited reported $0.28 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $583.00 million for the quarter, compared to analysts expectations of $580.39 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Trimble Navigation Limited closed down -1.95 points or -7.49% at $24.07 with 43,28,014 shares getting traded on Monday. Post opening the session at $25.63, the shares hit an intraday low of $23.97 and an intraday high of $25.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 31, 2016, James A Kirkland (Vice President) sold 512 shares at $24.81 per share price. According to the SEC, on May 11, 2016, Chris Gibson (Vice President) sold 2,800 shares at $23.22 per share price. On May 9, 2016, Steven W Berglund (President & CEO) sold 200,000 shares at $23.21 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Trimble Navigation Limited

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