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.
"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/SPCIQ120213About S&P Capital IQ S&P Capital IQ, a part of McGraw Hill Financial (NYSE: MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. Evaluated pricing is prepared by Standard & Poor's Securities Evaluations, Inc., a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities and Exchange Commission. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and fund research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information, visit www.spcapitaliq.com. All information provided by S&P Capital IQ is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance is no indication of future results. S&P Capital IQ and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.
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