In a report released today, Anthony Stoss from Craig-Hallum reiterated a Hold rating on Trimble Navigation Limited (NASDAQ: TRMB), with a price target of $38. The company’s shares closed yesterday at $35.65, close to its 52-week low of $33.68.
According to TipRanks.com, Stoss is a 5-star analyst with an average return of 16.6% and a 66.0% success rate. Stoss covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Cypress Semicon, and Immersion Corp.
Trimble Navigation Limited has an analyst consensus of Strong Buy, with a price target consensus of $45.
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Based on Trimble Navigation Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $35 million. In comparison, last year the company had a net profit of $50.5 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Ulf Johansson, a Director at TRMB sold 50,000 shares for a total of $1,903,500.
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Trimble, Inc. engages in the provision of providing positioning, wireless and software technology solutions. It operates through the following segments: Buildings & Infrastructure, Geospatial, Resources & Utilities, and Transportation. The Buildings & Infrastructure segment serves architects, engineers, contractors, owners, and operators.
