TriMas Corp. Coverage Initiated at Ned Davis Research (TRS)
Equities researchers at Ned Davis Research started coverage on shares of TriMas Corp. (NYSE:TRS) in a research report issued on Monday, StockRatingsNetwork.com reports. The firm set a “neutral” rating on the stock.
TriMas Corp. (NYSE:TRS) traded down 0.41% on Monday, hitting $37.285. 155,113 shares of the company’s stock traded hands. TriMas Corp. has a 1-year low of $22.34 and a 1-year high of $40.79. The stock has a 50-day moving average of $37.02 and a 200-day moving average of $34.57. The company has a market cap of $1.482 billion and a price-to-earnings ratio of 33.16.
TriMas Corp. (NYSE:TRS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.03. The company had revenue of $378.00 million for the quarter, compared to the consensus estimate of $361.74 million. During the same quarter last year, the company posted $0.61 earnings per share. TriMas Corp.’s revenue was up 11.7% compared to the same quarter last year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barrington Research raised their price target on shares of TriMas Corp. to $45.00 in a research note to investors on Tuesday, October 1st. Analysts at Global Hunter Securities upgraded shares of TriMas Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 11th. They now have a $45.00 price target on the stock, up previously from $25.00. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $39.00.
TriMas Corporation (NYSE:TRS) is a manufacturer and distributor of products for commercial, industrial and consumer markets.
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