S&P Capital IQ Picks TRMB Focus Stock of the Week

02 Dec, 2013, 14:52 ET from S&P Capital IQ

NEW YORK, Dec. 2, 2013 /PRNewswire/ -- Trimble Navigation Limited (NNM:TRMB: $32) has been picked by S&P Capital IQ as its Focus Stock of the Week. TRMB carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.

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"We view positively growth prospects for Trimble's core markets, as we think innovative product offerings and recent acquisitions will drive revenue over the next five years," said Angelo Zino, equity analyst at S&P Capital IQ.  "We believe Trimble's core markets will experience double-digit organic revenue growth for 2014 and 2015.  We think a modest recovery in the commercial and residential markets will act as a major tailwind for the company, driven by new product introductions and a growing attractiveness of Trimble's increasingly integrated product capabilities.  We note that after suffering declines in the first half of 2013, survey instruments returned to growth in the third quarter.  We expect growth momentum will be sustainable aided by an improving survey portfolio, despite government spending uncertainties.  Rising spending on technology in the construction arena, as well as an expanding distribution channel, should further support a growing pipeline, in our view.  We see greater revenue from higher-margin products supporting wider margins in this segment."

To view a video of Mr. Zino discussing TRMB click on the following link.   http://bit.ly/SPCIQ120213

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