In the latest quarter, 9 analysts provided ratings for Trimble TRMB, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 7 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 3 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $68.0, a high estimate of $73.00, and a low estimate of $56.00. Observing a 13.33% increase, the current average has risen from the previous average price target of $60.00.
Decoding Analyst Ratings: A Detailed Look
A clear picture of Trimble's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Tami Zakaria | JP Morgan | Raises | Neutral | $67.00 | $57.00 |
| Clarke Jeffries | Piper Sandler | Maintains | Overweight | $73.00 | $73.00 |
| Clarke Jeffries | Piper Sandler | Maintains | Overweight | $73.00 | - |
| Colin Rusch | Oppenheimer | Raises | Outperform | $72.00 | $65.00 |
| Clarke Jeffries | Piper Sandler | Raises | Overweight | $73.00 | $68.00 |
| Richard Eastman | Baird | Raises | Outperform | $65.00 | $59.00 |
| Colin Rusch | Oppenheimer | Raises | Outperform | $65.00 | $59.00 |
| Clarke Jeffries | Piper Sandler | Raises | Overweight | $68.00 | $51.00 |
| Tami Zakaria | JP Morgan | Raises | Neutral | $56.00 | $48.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Trimble. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Trimble compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Trimble's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Trimble's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Trimble analyst ratings.
All You Need to Know About Trimble
Trimble Inc provides a technology solutions provider that enables office and mobile professionals to connect their workflows and asset lifecycles to drive a more productive, sustainable future. The company has four reportable segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The company generates the majority of its revenue from the Buildings and Infrastructure segment, which primarily serves customers working in architecture, engineering, construction, design, asset management, operations, and maintenance.
Unraveling the Financial Story of Trimble
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Over the 3 months period, Trimble showcased positive performance, achieving a revenue growth rate of 8.86% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Trimble's net margin excels beyond industry benchmarks, reaching 6.76%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Trimble's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.42% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Trimble's ROA stands out, surpassing industry averages. With an impressive ROA of 0.67%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Trimble's debt-to-equity ratio surpasses industry norms, standing at 0.71. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
What Are Analyst Ratings?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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