Oppenheimer analyst Kristen Owen reiterated a Buy rating on Trimble (TRMB – Research Report) today and set a price target of $65.00. The company’s shares closed yesterday at $54.69.
According to TipRanks, Owen is a 4-star analyst with an average return of 8.8% and a 56.79% success rate. Owen covers the Industrials sector, focusing on stocks such as Agco, Caterpillar, and Deere.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Trimble with a $63.60 average price target, which is a 16.29% upside from current levels. In a report released today, Piper Sandler also upgraded the stock to a Buy with a $68.00 price target.
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Based on Trimble’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $957.3 million and a net profit of $74.9 million. In comparison, last year the company earned a revenue of $884.9 million and had a net profit of $85.8 million
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRMB in relation to earlier this year.
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Trimble (TRMB) Company Description:
Trimble, Inc. engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators. The Geospatial segment focuses on providing solutions for the customers working in surveying, engineering, and government. The Resources and Utilities segment offers services to customers working in agriculture, forestry, and utilities. The Transportation segment covers solutions for the long-haul trucking, field service management, rail, and construction logistics industries. The company was founded in 1978 by Charles Robert Trimble and is headquartered in Sunnyvale, CA.
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