TriMas Corp. Downgraded by Jefferson Research to Hold (TRS)
TriMas Corp. (NYSE:TRS) was downgraded by analysts at Jefferson Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, American Banking News.com reports.
TRS has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of TriMas Corp. in a research note to investors on Friday, December 20th. They set an “outperform” rating on the stock. Separately, analysts at Sidoti upgraded shares of TriMas Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, December 13th. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of TriMas Corp. in a research note to investors on Friday, December 13th. They set a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $40.40.
Shares of TriMas Corp. (NYSE:TRS) opened at 38.96 on Friday. TriMas Corp. has a 1-year low of $27.16 and a 1-year high of $42.09. The stock’s 50-day moving average is $37.5 and its 200-day moving average is $37.61. The company has a market cap of $1.752 billion and a price-to-earnings ratio of 28.46.
TriMas Corp. (NYSE:TRS) last released its earnings data on Monday, October 28th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.51 earnings per share. TriMas Corp.’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that TriMas Corp. will post $2.12 EPS for the current fiscal year.
TriMas Corporation (NYSE:TRS) is a manufacturer and distributor of products for commercial, industrial and consumer markets.
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