Trinity Industries’s “Buy” Rating Reaffirmed at KeyCorp (TRN)
Trinity Industries (NYSE:TRN)‘s stock had its “buy” rating restated by stock analysts at KeyCorp in a report issued on Monday. They currently have a $105.00 target price on the stock, up from their previous target price of $90.00. KeyCorp’s price target would suggest a potential upside of 29.04% from the stock’s previous close.
Shares of Trinity Industries (NYSE:TRN) traded up 2.45% during mid-day trading on Monday, hitting $83.36. 758,332 shares of the company’s stock traded hands. Trinity Industries has a 52 week low of $34.57 and a 52 week high of $87.89. The stock has a 50-day moving average of $80.39 and a 200-day moving average of $67.00. The company has a market cap of $6.457 billion and a P/E ratio of 12.31. Trinity Industries shares are set to split on Friday, June 20th. The 2-1 split was announced on Monday, May 5th. The newly created shares will be distributed to shareholders after the closing bell on Thursday, June 19th.
Trinity Industries (NYSE:TRN) last released its earnings data on Tuesday, April 29th. The company reported $2.85 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.91 earnings per share. Trinity Industries’s revenue was up 56.6% compared to the same quarter last year. Analysts expect that Trinity Industries will post $7.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders 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%.
TRN has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Trinity Industries to $90.00 in a research note on Monday. Separately, analysts at Stifel raised their price target on shares of Trinity Industries from $86.00 to $90.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $83.08.
Trinity Industries, Inc (NYSE:TRN) is a multi-industry company.
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