Last Updated: 16 Sep 2024
Executive Summary
Trimble Inc. (TRMB) is a leading provider of hardware, software, and services for various industries, including agriculture, construction, geospatial, natural resources, utilities, governments, and transportation. The company has a strong financial position with a market capitalization of $13.79 billion, EBITDA of $766.3 million, and a trailing PE ratio of 9.25. Analysts are generally positive on the stock, with 4 strong buy ratings and 6 buy ratings. The latest stock price of $56.5 is within the 52-week range of $39.57 to $65.55.
Company Overview
Trimble Inc. is headquartered in Sunnyvale, California, and was founded in 1978. The company operates in over 150 countries and employs approximately 10,000 people. Trimble's products and services include GNSS receivers, scanners, laser rangefinders, UAVs, inertial navigation systems, and software processing tools. The company's target markets include agriculture, construction, geospatial, natural resources, utilities, governments, and transportation.
Fundamental Analysis
Trimble Inc.'s financial performance has been solid in recent years. The company's revenue has grown at a CAGR of 5% over the past five years, and its EPS has grown at a CAGR of 10%. The company's profit margin is 40.7%, and its operating margin is 7.73%. Trimble Inc. has a strong balance sheet with $1.3 billion in cash and equivalents and $1.2 billion in debt. The company's return on assets is 3.31%, and its return on equity is 30.3%.
Technical Analysis
Trimble Inc.'s stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 60, which indicates that the stock is overbought. However, the stock's moving average convergence divergence (MACD) is positive, which indicates that the stock is in a bullish trend.
Short Term Outlook
In the short term, Trimble Inc.'s stock price is likely to continue to trend higher. The stock is overbought, but the MACD is positive, which indicates that the stock is in a bullish trend. The stock's price target is $70.02, which represents a potential upside of 24%.
Long Term Outlook
In the long term, Trimble Inc.'s stock price is likely to continue to grow. The company has a strong financial position and a solid track record of growth. The company's products and services are in high demand in a variety of industries. The company's long-term price target is $100, which represents a potential upside of 77%.
Analyst Recommendations
Analysts are generally positive on Trimble Inc.'s stock. The consensus recommendation is a buy. The average price target is $70.02, which represents a potential upside of 24%.
