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Is this Large Market Cap Stock target price reasonable for Trimble Inc. (NASDAQ:TRMB)?

The company in question is, Trimble Inc. (NASDAQ:TRMB) currently with a stock price of 28.57 (0.53% today). The market cap for Trimble Inc. is 7166.1, and is in the sector Technology, and Scientific & Technical Instruments industry. The target price for Trimble Inc. is 29.5. Currently Trimble Inc. is trading with a P/E of 62.05, and a forward P/E of 20.29. Average volume for Trimble Inc. is 1132.96 and so far today it is 1132664.

Performance in the last year for Trimble Inc. has been 59.93%. For EPS growth, Trimble Inc. has seen a growth of -42.10%, and is looking to grow in the next year to 18.63%. More long term stats show that EPS growth has been 2.30% over the last five years and could be 12.50% for the next five years. Trimble Inc. has seen sales growth quarter over quarter at 4.10%, with EPS growth quarter over quarter at 42.00%. The 20-day simple moving average is 3.46%, with the 200-day simple moving average coming to 15.22%.

Since the IPO date for Trimble Inc. on the 03/03/1992, Trimble Inc. has seen performance year to date to be 32.49%. With Trimble Inc. trading at 28.57, the dividend yield is *TBA, and the EPS is 0.46.

So could Trimble Inc., be undervalued? Well as said before P/E is 62.05. The PEG is 4.96, P/S is 3.1 and the P/B is at 3.17. The P/cash is 30.9, with P/free cash flow at 22.84.

Trimble Inc. ability to deal with debt shows that the current ratio is 1.3, and the quick ratio is 1. This is with long term debt/equity at 0.26, and total debt/equity at 0.32.

In terms of margins, Trimble Inc. has a gross margin of 52.20%, an operating margin of 6.50% and a profit margin of 5.00%.Payout ratio for Trimble Inc. is 0.00%. Return on assets come to 3.10% with return on investment coming to 4.20%.

Insider ownership for Trimble Inc., is at 0.10% and institutional ownership comes to 93.30%. Outstanding shares are at 252.15. While shares float is 248.7. The float short is currently 1.83%, and short ratio is 4.01.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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