Trinity Industries Earns Buy Rating from KeyCorp (TRN)
Trinity Industries (NYSE:TRN)‘s stock had its “buy” rating reiterated by investment analysts at KeyCorp in a note issued to investors on Tuesday. They currently have a $55.00 price objective on the stock, up from their previous price objective of $53.00. KeyCorp’s price target indicates a potential upside of 22.14% from the company’s current price.
In other Trinity Industries news, SVP D Stephen Menzies unloaded 69,468 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $42.45, for a total value of $2,948,916.60. The sale was disclosed in a filing with the SEC, which is available at this link.
Trinity Industries (NYSE:TRN) traded up 3.77% on Tuesday, hitting $47.07. The stock had a trading volume of 1,813,957 shares. Trinity Industries has a 52-week low of $20.00 and a 52-week high of $47.83. The stock has a 50-day moving average of $44.14 and a 200-day moving average of $38.83. The company has a market cap of $7.346 billion and a P/E ratio of 11.96.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.24. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s quarterly revenue was up 39.3% on a year-over-year basis. Analysts expect that Trinity Industries will post $4.11 EPS for the current fiscal year.
A number of other firms have also recently commented on TRN. Analysts at Stifel Nicolaus raised their price target on shares of Trinity Industries from $50.00 to $53.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $42.38.
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.