TriMas Corp. Price Target Cut to $43.00 by Analysts at Global Hunter Securities (TRS)
Investment analysts at Global Hunter Securities decreased their target price on shares of TriMas Corp. (NYSE:TRS) to $43.00 in a note issued to investors on Tuesday, American Banking News.com reports. The firm currently has an “accumulate” rating on the stock. Global Hunter Securities’ price objective would suggest a potential upside of 4.55% from the stock’s previous close.
Shares of TriMas Corp. (NYSE:TRS) opened at 41.13 on Tuesday. TriMas Corp. has a 52 week low of $22.34 and a 52 week high of $40.79. The stock has a 50-day moving average of $37.18 and a 200-day moving average of $33.70. The company has a market cap of $1.635 billion and a price-to-earnings ratio of 36.43.
TriMas Corp. (NYSE:TRS) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.09. The company had revenue of $355.60 million for the quarter, compared to the consensus estimate of $356.73 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that TriMas Corp. will post $2.18 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TRS. Analysts at Ned Davis Research initiated coverage on shares of TriMas Corp. in a research note to investors on Monday, October 7th. They set a “neutral” rating on 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. TriMas Corp. currently has a consensus rating of “Hold” and a consensus target price of $38.50.
TriMas Corporation (NYSE:TRS) is a manufacturer and distributor of products for commercial, industrial and consumer markets.
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