Trimble Inc [TRMB] stock is trading at $76.43, up 2.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The TRMB shares have gain 8.77% over the last week, with a monthly amount glided 4.86%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Trimble Inc [NASDAQ: TRMB] stock has seen the most recent analyst activity on December 16, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $90 for it. Previously, JP Morgan upgraded its rating to Overweight on December 04, 2024, and elevated its price target to $92. On February 13, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $68 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $65 on September 29, 2023. Edward Jones upgraded its rating to a Buy. Northcoast downgraded its rating to Sell for this stock on March 07, 2023, but kept the price target unchanged to $40. In a note dated December 13, 2022, Raymond James downgraded an Mkt Perform rating on this stock.
Trimble Inc [TRMB] stock has fluctuated between $48.60 and $76.97 over the past year. Currently, Wall Street analysts expect the stock to reach $86 within the next 12 months. Trimble Inc [NASDAQ: TRMB] shares were valued at $76.43 at the most recent close of the market. An investor can expect a potential return of 12.52% based on the average TRMB price forecast.
Analyzing the TRMB fundamentals
Trimble Inc [NASDAQ:TRMB] reported sales of 3.63B for the trailing twelve months, which represents a drop of -8.51%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.54%, and Net Profit Margin reading is 0.41%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.29 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 75.66 points at the first support level, and at 74.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.85, and for the 2nd resistance point, it is at 77.28.
Ratios To Look Out For
For context, Trimble Inc’s Current Ratio is 1.16. On the other hand, the Quick Ratio is 1.07, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 5.17, the price to book ratio is 3.20 and price to earnings (TTM) ratio is 12.76.
Transactions by insiders
Recent insider trading involved Allison Jennifer, Officer, that happened on Jan 17 ’25 when 3571.0 shares were purchased. Senior Vice President, Large Peter completed a deal on Apr 16 ’24 to sell 1447.0 shares. Meanwhile, Senior VP, CES SCHWARTZ MARK DAVID sold 2322.0 shares on Apr 16 ’24.
