Trinity Industries (NYSE:TRN) PT Raised to $27.00

Trinity Industries (NYSE:TRNGet Rating) had its price target hoisted by Stephens from $26.00 to $27.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Stephens’ price target would suggest a potential upside of 6.34% from the company’s previous close.

TRN has been the topic of several other reports. StockNews.com started coverage on Trinity Industries in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company lowered their target price on Trinity Industries from $38.00 to $33.00 and set a “maintains” rating on the stock in a research note on Thursday. Finally, TheStreet cut Trinity Industries from a “b-” rating to a “c” rating in a research note on Wednesday, April 27th.

Trinity Industries Stock Up 1.8 %

NYSE:TRN traded up $0.46 during trading hours on Thursday, hitting $25.39. 12,627 shares of the company traded hands, compared to its average volume of 882,754. The company has a quick ratio of 0.78, a current ratio of 1.66 and a debt-to-equity ratio of 4.03. The firm’s 50-day simple moving average is $24.00 and its 200-day simple moving average is $28.09. Trinity Industries has a one year low of $20.94 and a one year high of $35.35. The company has a market cap of $2.12 billion, a PE ratio of 13.92 and a beta of 1.33.

Trinity Industries (NYSE:TRNGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The transportation company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Trinity Industries had a return on equity of 3.77% and a net margin of 9.78%. The business had revenue of $416.80 million for the quarter, compared to analysts’ expectations of $586.57 million. During the same period last year, the business earned $0.15 EPS. The business’s revenue was up 42.1% on a year-over-year basis. Equities analysts predict that Trinity Industries will post 1.02 earnings per share for the current year.

Institutional Investors Weigh In On Trinity Industries

A number of hedge funds have recently made changes to their positions in the business. City State Bank bought a new stake in Trinity Industries in the 4th quarter valued at about $26,000. Meeder Asset Management Inc. bought a new stake in Trinity Industries in the 1st quarter valued at about $34,000. Rocky Mountain Advisers LLC raised its stake in Trinity Industries by 150.0% in the 4th quarter. Rocky Mountain Advisers LLC now owns 1,250 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 750 shares during the period. CENTRAL TRUST Co raised its stake in Trinity Industries by 402.1% in the 4th quarter. CENTRAL TRUST Co now owns 2,159 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 1,729 shares during the period. Finally, Venture Visionary Partners LLC bought a new stake in Trinity Industries in the 2nd quarter valued at about $84,000. 97.25% of the stock is currently owned by institutional investors.

Trinity Industries Company Profile

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Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.

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