Trinity Industries Downgraded to “Neutral” at Zacks (TRN)
Trinity Industries (NYSE:TRN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Monday. They currently have a $50.70 price objective on the stock. Zacks‘s target price would suggest a potential upside of 12.94% from the stock’s previous close.
Trinity Industries (NYSE:TRN) traded down 0.87% during mid-day trading on Monday, hitting $44.50. The stock had a trading volume of 1,212,584 shares. Trinity Industries has a 52 week low of $17.665 and a 52 week high of $46.00. The stock’s 50-day moving average is $42.12 and its 200-day moving average is $35.28. The company has a market cap of $6.894 billion and a P/E ratio of 13.58.
Trinity Industries (NYSE:TRN) last announced its earnings results 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 $3.76 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TRN. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Trinity Industries in a research note on Monday, June 30th. They now have a $45.00 price target on the stock, down previously from $46.00. Separately, 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. One 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’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.94.
Trinity Industries, Inc (NYSE:TRN) is a multi-industry company.
To view Zacks’ full report, visit Zacks’ official website.
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.