Trimas Price Target Increased to $37.00 by Analysts at Jefferies Group (TRS)
Analysts at Jefferies Group raised their price target on shares of Trimas (NASDAQ:TRS) from $35.00 to $37.00 in a research report issued to clients and investors on Tuesday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective points to a potential downside of 3.80% from the company’s current price.
A number of other analysts have also recently weighed in on TRS. Analysts at Global Hunter Securities downgraded shares of Trimas from a “buy” rating to an “accumulate” rating in a research note to investors on Tuesday. They now have a $43.00 price target on the stock, down previously from $45.00. Separately, analysts at Barrington Research raised their price target on shares of Trimas from $40.00 to $45.00 in a research note to investors on Wednesday, October 2nd.
Shares of Trimas (NASDAQ:TRS) traded down 6.49% on Tuesday, hitting $38.46. 536,157 shares of the company’s stock traded hands. Trimas has a 52-week low of $22.34 and a 52-week high of $40.79. The stock’s 50-day moving average is $37.18 and its 200-day moving average is $33.70. The company has a market cap of $1.529 billion and a price-to-earnings ratio of 36.43.
Trimas Corporation (NASDAQ:TRS) is a manufacturer and distributor of products for commercial, industrial and consumer markets.
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