Share on StockTwits

Shares of Trinity Industries (NYSE:TRN) reached a new 52-week high during mid-day trading on Friday , AmericanBankingNews.com reports. The company traded as high as $44.87 and last traded at $43.97, with a volume of 1,734,971 shares traded. The stock had previously closed at $43.02.

TRN has been the subject of a number of recent research reports. Analysts at KeyCorp reiterated a “buy” rating on shares of Trinity Industries in a research note on Monday, June 16th. They now have a $52.50 price target on the stock, up previously from $45.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Trinity Industries in a research note on Monday, June 16th. They now have a $90.00 price target on the stock. Finally, analysts at Stifel raised their price target on shares of Trinity Industries from $43.00 to $45.00 in a research note on Monday, June 16th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $49.04.

The stock’s 50-day moving average is $41.53 and its 200-day moving average is $34.60. The company has a market cap of $6.723 billion and a price-to-earnings ratio of 13.02.

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 $3.75 EPS for the current fiscal year.

Trinity Industries, Inc (NYSE:TRN) is a multi-industry company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.