Trinity Industries Sets New 1-Year High at $47.84 (TRN)
Trinity Industries (NYSE:TRN) hit a new 52-week high on Thursday , Analyst Ratings.Net reports. The company traded as high as $47.84 and last traded at $47.70, with a volume of 1,330,766 shares changing hands. The stock had previously closed at $47.26.
A number of analysts have recently weighed in on TRN shares. Analysts at KeyCorp reiterated a “buy” rating on shares of Trinity Industries in a research note on Tuesday. They now have a $55.00 price target on the stock, up previously from $53.00. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $42.38.
The stock has a 50-day moving average of $44.31 and a 200-day moving average of $39.08. The company has a market cap of $7.446 billion and a price-to-earnings ratio of 12.46.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. On average, analysts predict that Trinity Industries will post $4.12 earnings per share for the current fiscal year.
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 stock was 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 Securities & Exchange Commission, which is available at this link.
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.