Analysts Set Trinity Industries Inc (NYSE:TRN) Target Price at $26.44

Trinity Industries Inc (NYSE:TRN) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $26.44.

Several research analysts have commented on the company. Zacks Investment Research raised Trinity Industries from a “sell” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, April 30th. Stifel Nicolaus set a $33.00 price target on Trinity Industries and gave the stock a “buy” rating in a research report on Friday, April 26th. Mizuho reaffirmed a “buy” rating and issued a $32.00 price target on shares of Trinity Industries in a research report on Tuesday, February 26th. TheStreet downgraded Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Finally, Stephens set a $24.00 price target on Trinity Industries and gave the stock a “hold” rating in a research report on Thursday, March 28th.

TRN opened at $19.34 on Monday. Trinity Industries has a twelve month low of $18.99 and a twelve month high of $39.35. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.02 and a quick ratio of 0.86. The company has a market capitalization of $2.51 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.50 and a beta of 2.00.

Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Trinity Industries had a return on equity of 5.63% and a net margin of 4.66%. The firm had revenue of $604.80 million during the quarter, compared to analyst estimates of $660.72 million. During the same period in the previous year, the company earned $0.30 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts expect that Trinity Industries will post 1.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Friday, July 12th. Trinity Industries’s dividend payout ratio is currently 85.00%.

In other Trinity Industries news, insider Brian D. Madison sold 2,157 shares of Trinity Industries stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $20.90, for a total value of $45,081.30. Following the transaction, the insider now directly owns 58,345 shares of the company’s stock, valued at approximately $1,219,410.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 18.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new stake in shares of Trinity Industries during the first quarter valued at approximately $62,000. Private Capital Group LLC increased its position in shares of Trinity Industries by 45.3% during the first quarter. Private Capital Group LLC now owns 2,975 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 927 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Trinity Industries by 62.1% during the first quarter. BNP Paribas Arbitrage SA now owns 3,817 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 1,463 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Trinity Industries during the fourth quarter valued at approximately $84,000. Finally, Dupont Capital Management Corp bought a new stake in shares of Trinity Industries during the first quarter valued at approximately $148,000. Institutional investors and hedge funds own 88.56% of the company’s stock.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

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Analyst Recommendations for Trinity Industries (NYSE:TRN)

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