Trinity Industries Receives Consensus Rating of “Buy” from Brokerages (NYSE:TRN)
Shares of Trinity Industries (NYSE:TRN) have been given a consensus recommendation of “Buy” by the seven analysts that are covering the company, AR Network reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $74.88.
Trinity Industries (NYSE:TRN) traded down 0.57% on Thursday, hitting $81.69. 169,733 shares of the company’s stock traded hands. Trinity Industries has a one year low of $34.57 and a one year high of $87.89. The stock’s 50-day moving average is $79.90 and its 200-day moving average is $66.79. The company has a market cap of $6.328 billion and a P/E ratio of 12.43.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.54 by $0.31. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 56.6% on a year-over-year basis. Analysts expect that Trinity Industries will post $7.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%.
A number of research firms have recently commented on TRN. Analysts at Zacks upgraded shares of Trinity Industries from a “neutral” rating to an “outperform” rating in a research note on Monday, June 2nd. They now have a $90.50 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Trinity Industries from $81.00 to $86.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock.
Trinity Industries, Inc (NYSE:TRN) is a multi-industry company.
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