In a report released today, Steve Barger from KeyBanc maintained a Hold rating on Trinity Industries (TRN – Research Report). The company’s shares closed yesterday at $22.75.
Barger covers the Industrials sector, focusing on stocks such as Kennametal, Oshkosh, and Terex. According to TipRanks, Barger has an average return of 16.2% and a 60.00% success rate on recommended stocks.
Currently, the analyst consensus on Trinity Industries is a Moderate Buy with an average price target of $30.25.
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TRN market cap is currently $1.69B and has a P/E ratio of 25.44.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRN in relation to earlier this year.
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Trinity Industries (TRN) Company Description:
Trinity Industries, Inc. engages in the provision of rail transportation products and services in North America. It operates through the following segments: Railcar Leasing and Management Services Group, Rail Products Group and All Other. The Railcar Leasing and Management Services Group segment provides railcar industry services. The Rail Products Group segment includes the results of heads business. The All Other segment includes the results of highway products business. The company was founded in 1933 and is headquartered in Dallas, TX.
Read More on TRN:
- North American rail traffic down 1.7% for the week ending October 28
- North American rail traffic up 0.1% for the week ending October 21
- North American rail traffic down 2.1% for the week ending October 14
- Trinity Industries rises 5.4%
- Trinity Industries upgraded to Positive at Susquehanna on steady railcar cycle
