Short Term Price Target on Trimble Navigation Limited (TRMB)

Trimble Navigation Limited (NASDAQ:TRMB) : Currently there are 12 street experts covering Trimble Navigation Limited (NASDAQ:TRMB) stock. The most bullish and bearish price target for the stock is $32 and $20 respectively for the short term. The average price target of all the analysts comes to $26.17. The estimated standard deviation from the target is $4.59.

Trimble Navigation Limited has lost 12.34% in the last five trading days and dropped 4.73% in the last 4 weeks. Trimble Navigation Limited has dropped 2.75% during the last 3-month period . Year-to-Date the stock performance stands at 13.57%. Also, Raymond James initiates coverage on Trimble Navigation Limited (NASDAQ:TRMB). The current rating of the shares is Outperform, according to the research report released by the firm. The rating by the firm was issued on June 14, 2016.

Trimble Navigation Limited (NASDAQ:TRMB) : 15 analysts are covering Trimble Navigation Limited (NASDAQ:TRMB) and their average rating on the stock is 1.73, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Trimble Navigation Limited (NASDAQ:TRMB) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Trimble Navigation Limited (NASDAQ:TRMB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.27 and $24.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.36, notching a gain of 0.91% for the day. The total traded volume was 3,031,543 . The stock had closed at $24.14 on the previous day.

In an insider trading activity,The officer (Vice President) of Trimble Navigation Ltd /Ca/, Kirkland James A sold 512 shares at $24.81 on May 26, 2016. The Insider selling transaction had a total value worth of $12,703. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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