Trimble Navigation Limited (TRMB) Receives a Buy from Oppenheimer

By Jason Carr

In a report released today, Colin Rusch from Oppenheimer reiterated a Buy rating on Trimble Navigation Limited (TRMBResearch Report), with a price target of $52. The company’s shares closed yesterday at $41.11.

Rusch commented:

“Despite facing difficult yr/yr comparisons in each of its segments, we continue to see TRMB delivering high-single-digit top-line growth in 1Q19. Consistent with our observation of indicators across the segments, we believe TRMB is facing a mixed bag in terms of its end markets. The company has guided to yr/yr revenue growth of 7-10% in the quarter including a 6-7% contribution from M&A. We remain positive on the shares as we believe TRMB is positioned to outperform its end markets owing to increased software penetration and a growing base of annual recurring revenue. We believe software metrics like growth in ARR and net dollar retention will likely become increasingly important for investors.”

According to, Rusch is a 5-star analyst with an average return of 12.0% and a 51.2% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor Corporation, Capstone Turbine Corp, and Canadian Solar Inc.

Currently, the analyst consensus on Trimble Navigation Limited is a Moderate Buy with an average price target of $52.

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Based on Trimble Navigation Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $86.5 million. In comparison, last year the company had a net profit of $58.5 million.

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock.

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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.