TriMas Corp. Downgraded by Zacks to Underperform (TRS)
TriMas Corp. (NYSE:TRS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday, Stock Ratings News reports. They currently have a $31.70 price objective on the stock. Zacks‘ target price suggests a potential downside of 4.89% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferson Research downgraded shares of TriMas Corp. from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of TriMas Corp. in a research note on Friday, December 20th. They set an “outperform” rating on the stock. Finally, analysts at Sidoti upgraded shares of TriMas Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $38.95.
Shares of TriMas Corp. (NYSE:TRS) traded down 0.66% on Tuesday, hitting $33.1101. 67,457 shares of the company’s stock traded hands. TriMas Corp. has a 52 week low of $27.16 and a 52 week high of $42.09. The stock has a 50-day moving average of $36.24 and a 200-day moving average of $37.42. The company has a market cap of $1.480 billion and a P/E ratio of 18.24.
TriMas Corp. (NYSE:TRS) last announced its earnings results on Thursday, February 20th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.05. The company had revenue of $323.40 million for the quarter, compared to the consensus estimate of $321.60 million. Analysts expect that TriMas Corp. will post $2.25 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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