Trinity Industries Rating Increased to Buy at Sterne Agee (TRN)
Trinity Industries (NYSE:TRN) was upgraded by research analysts at Sterne Agee from a “neutral” rating to a “buy” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
Trinity Industries (NYSE:TRN) opened at 64.985 on Thursday. Trinity Industries has a one year low of $34.57 and a one year high of $61.00. The stock’s 50-day moving average is $57.47 and its 200-day moving average is $49.9. The company has a market cap of $5.075 billion and a price-to-earnings ratio of 14.42.
Trinity Industries (NYSE:TRN) last released its earnings data on Wednesday, February 19th. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.41 by $0.03. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. On average, analysts predict that Trinity Industries will post $6.02 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stephens upgraded shares of Trinity Industries from an “equal weight” rating to an “overweight” rating in a research note on Monday, February 10th. They now have a $70.00 price target on the stock, up previously from $48.00. Separately, analysts at UBS AG raised their price target on shares of Trinity Industries from $45.00 to $58.00 in a research note on Wednesday, January 22nd. They now have a “neutral” rating on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. They now have a $67.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $58.82.
Trinity Industries, Inc (NYSE:TRN) is a multi-industry company.
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