In the last three months, 8 analysts have shared their insights on Trimble TRMBexpressing a variety of opinions ranging from bullish to bearish.
The table below summarizes their recent ratings, offering a look at the evolution of sentiments over the last 30 days and comparing them to previous months.
Bullish | A little bullish | Indifferent | A little bearish | Bearish | |
---|---|---|---|---|---|
Total ratings | 0 | 6 | 2 | 0 | 0 |
Last 30 days | 0 | 1 | 0 | 0 | 0 |
1 million ago | 0 | 2 | 0 | 0 | 0 |
2 million ago | 0 | 3 | 1 | 0 | 0 |
3 million ago | 0 | 0 | 1 | 0 | 0 |
Insights are revealed from analysts’ 12-month price targets, which feature an average target of $65.38, a high estimate of $73.00 and a low estimate of $51.00. Surpassing the previous average price target of $56.00, the current average has risen 16.75%.
Exploring analyst ratings: An in-depth overview
By examining recent analyst actions, we gain insight into how financial experts perceive Trimble. The following summary outlines key analysts, their recent ratings, and adjustments to ratings and price targets.
Analyst | Analytics company | Action taken | Assessment | Current price target | Previous price target |
---|---|---|---|---|---|
Clarke Jeffries | Piper Sandler | Maintains | Overweight | $73.00 | – |
Colin Rusch | Oppenheimer | Raise | Far surpass | $72.00 | $65.00 |
Clarke Jeffries | Piper Sandler | Raise | Overweight | $73.00 | $68.00 |
Richard Eastmann | Baird | Raise | Far surpass | $65.00 | $59.00 |
Colin Rusch | Oppenheimer | Raise | Far surpass | $65.00 | $59.00 |
Clarke Jeffries | Piper Sandler | Raise | Overweight | $68.00 | $51.00 |
Tami Zakaria | JP Morgan | Raise | Neutral | $56.00 | $48.00 |
Clarke Jeffries | Piper Sandler | Raise | Neutral | $51.00 | $42.00 |
Key Insights:
- Action taken: Responding to changing market dynamics and business performance, analysts update their recommendations. Whether they “maintain,” “raise,” or “lower” their position, this signifies their response to recent developments related to Trimble. This offers insight into analysts’ perspectives on the current state of the company.
- Assessment: Analysts assign qualitative ratings to stocks, ranging from “Outperform” to “Underperform.” These ratings convey analysts’ expectations for Trimble’s relative performance compared to the broader market.
- Price targets: Analysts set price targets as an estimate of a stock’s future value. Comparing current and previous price targets provides insight into how analyst expectations have changed over time. This information can be valuable to investors seeking to understand consensus views on the stock’s potential future performance.
To get a panoramic view of Trimble’s market performance, explore these analyst ratings along with essential financial indicators. Stay informed and make judicious decisions using our ratings table.
Stay updated on Trimble analyst ratings.
About Trimble
Trimble Inc provides a technology solutions provider that enables office and mobile professionals to connect their workflows and asset lifecycles to foster a more productive and sustainable future. The company has four reportable segments: Buildings & Infrastructure, Geospatial, Resources & Utilities, and Transportation. The company generates the majority of its revenue from the Buildings & Infrastructure segment, which primarily serves clients working in the architecture, engineering, construction, design, asset management, operations and maintenance industries.
Analysis of Trimble’s financial performance
Market Cap Highlights: Above the industry average, the company’s market capitalization represents a significant scale, indicating strong confidence and prominence in the market.
Revenue growth: Trimble’s revenue growth over a 3-month period was noteworthy. As of December 31, 2023, the company achieved a revenue growth rate of approximately 8.86%. This indicates a substantial increase in the company’s profits. Compared to others in the Information Technology industry, the company excelled with an above-average growth rate among its competitors.
Net margin: Trimble’s financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a significant net margin of 6.76%, the company has strong profitability and effective cost management.
Return on equity (ROE): Trimble’s ROE excels beyond industry benchmarks, achieving 1.42%. This means sound financial management and efficient use of shareholders’ equity capital.
Return on Assets (ROA): The company’s ROA is exceptional and exceeds industry averages. With an impressive ROA of 0.67%, the company demonstrates effective use of resources.
Debt Management: Trimble’s debt-to-equity ratio exceeds industry norms at 0.71. This suggests that the company has a significant amount of debt, posing potential financial challenges.
What are analyst ratings?
Ratings come from analysts or banking and financial systems specialists who report for specific stocks or defined sectors (typically once a quarter for each stock). Analysts usually draw their information from company conference calls and meetings, financial statements, and conversations with key industry insiders to make their decisions.
Some analysts publish their forecasts for metrics such as growth, earnings and revenue estimates to provide further guidance along with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and only offer their opinions to investors.
If you want to track which analysts are outperforming others, you can view updated analyst ratings alongside analyst hit scores in Benzinga Pro.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.