20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
In the last three months, 6 analysts have published ratings on Trimble (NASDAQ:TRMB), offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 4 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $63.0, a high estimate of $73.00, and a low estimate of $51.00. This current average has increased by 15.6% from the previous average price target of $54.50.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of Trimble among financial experts is revealed through an in-depth exploration 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 |
|---|---|---|---|---|---|
| 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 |
| Clarke Jeffries | Piper Sandler | Raises | Neutral | $51.00 | $42.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Trimble. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Trimble compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Trimble's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into Trimble's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Trimble analyst ratings.
Unveiling the Story Behind 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.
Trimble: Delving into Financials
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Trimble displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 8.86%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Trimble's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.76% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Trimble's ROE excels beyond industry benchmarks, reaching 1.42%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Trimble's ROA excels beyond industry benchmarks, reaching 0.67%. This signifies efficient management of assets and strong financial health.
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.
Analyst Ratings: What Are They?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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