Trimble Navigation Limited (TRMB) is Reiterated by Wedbush to Outperform, Lowers Price Target to $ 27

Trimble Navigation Limited (TRMB) was Reiterated by Wedbush to “Outperform” while Lowering the Price Target of the company shares to $ 27 from a previous price target of $28 . Wedbush advised their investors in a research report released on Apr 29, 2016.

Many Wall Street Analysts have commented on Trimble Navigation Limited. Needham Upgraded Trimble Navigation Limited on Feb 10, 2016 to ” Buy”, Price Target of the shares are set at $24.Oppenheimer Resumed Trimble Navigation Limited on Feb 2, 2016 to “Outperform”, Price Target of the shares are set at $32.Company shares were Reiterated by MKM Partners on Feb 1, 2016 to “Neutral”, Firm has raised the Price Target to $ 21 from a previous price target of $20 .

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 -0.08 points or -0.31% at $25.93 with 13,68,775 shares getting traded on Wednesday. Post opening the session at $26, the shares hit an intraday low of $25.695 and an intraday high of $26.07 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 7, 2016, Julie A Shepard (Vice President) sold 13,914 shares at $24.89 per share price. According to the SEC, on Mar 7, 2016, James A Kirkland (Vice President) sold 1,000 shares at $24.70 per share price. On Mar 3, 2016, James Veneziano (Vice President) sold 2,130 shares at $24.51 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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