Trinity Industries Given Consensus Rating of “Buy” by Analysts (NYSE:TRN)
Shares of Trinity Industries (NYSE:TRN) have received an average recommendation of “Buy” from the seven analysts that are covering the stock, Stock Ratings Network.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $41.94.
A number of research firms have recently commented on TRN. Analysts at Zacks downgraded shares of Trinity Industries from an “outperform” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $50.70 price target on the stock. Separately, 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. Finally, 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.
Trinity Industries (NYSE:TRN) opened at 45.35 on Tuesday. Trinity Industries has a 52-week low of $18.68 and a 52-week high of $46.29. The stock’s 50-day moving average is $43.36 and its 200-day moving average is $37.08. The company has a market cap of $7.025 billion and a P/E ratio of 13.76. Trinity Industries also saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 25,691,267 shares, a growth of 118.3% from the June 13th total of 11,766,954 shares. Based on an average trading volume of 3,226,188 shares, the days-to-cover ratio is currently 8.0 days. Currently, 16.9% of the company’s stock are sold short.
Trinity Industries (NYSE:TRN) last issued its quarterly 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. On average, analysts predict that Trinity Industries will post $3.76 earnings per share for the current fiscal year.
Trinity Industries, Inc (NYSE:TRN) is a multi-industry company.
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