Needham & Company Maintains a 'Buy' on Trimble Navigation (TRMB); Raising Outlook on Strong Results/Guidance
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Price: $28.35 --0%
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 2 | New: 9
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 2 | New: 9
Trade TRMB Now!
Needham & Company maintains a 'Buy' on Trimble Navigation (NASDAQ: TRMB) price target raised $1 to $58.
Analyst, Richard Valera, said, "Notwithstanding recent concerns about potential market saturation in Trimble’s key E&C and Ag segments, we believe the secular growth drivers remain intact, especially in relatively underpenetrated international markets. As well, it appears that cyclical trends remain solid, albeit with potentially more uncertainty given the possibility of major debt-related dislocation in the EU."
"We are increasing our 2012 revenue estimate to $1.99B/$2.51 NG EPS from $1.96B/ $2.44, leaving our 2H estimates unchanged. Our 2013 estimates go to $2.22B/$2.84 from $2.18B/$2.75."
For an analyst ratings summary and ratings history on Trimble Navigation click here. For more ratings news on Trimble Navigation click here.
Shares of Trimble Navigation closed at $53.22 yesterday, with a 52 week range of $31.88-$55.95.
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Analyst, Richard Valera, said, "Notwithstanding recent concerns about potential market saturation in Trimble’s key E&C and Ag segments, we believe the secular growth drivers remain intact, especially in relatively underpenetrated international markets. As well, it appears that cyclical trends remain solid, albeit with potentially more uncertainty given the possibility of major debt-related dislocation in the EU."
"We are increasing our 2012 revenue estimate to $1.99B/$2.51 NG EPS from $1.96B/ $2.44, leaving our 2H estimates unchanged. Our 2013 estimates go to $2.22B/$2.84 from $2.18B/$2.75."
For an analyst ratings summary and ratings history on Trimble Navigation click here. For more ratings news on Trimble Navigation click here.
Shares of Trimble Navigation closed at $53.22 yesterday, with a 52 week range of $31.88-$55.95.
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