Trinity Industries Inc (NYSE:TRN) has been assigned a consensus rating of “Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $39.50.
TRN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, September 19th. Citigroup upgraded Trinity Industries from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $45.00 to $36.00 in a research note on Friday, September 29th. Buckingham Research upped their price objective on Trinity Industries from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. KeyCorp restated a “buy” rating and issued a $41.00 price objective (up previously from $34.00) on shares of Trinity Industries in a research note on Monday, October 2nd. Finally, Cowen restated a “buy” rating and issued a $31.00 price objective on shares of Trinity Industries in a research note on Sunday, October 1st.
In other news, SVP William A. Mcwhirter sold 20,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the transaction, the senior vice president now owns 191,339 shares in the company, valued at approximately $7,060,409.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Valueact Capital Master Fund, purchased 13,687 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average price of $31.98 per share, with a total value of $437,710.26. The disclosure for this purchase can be found here. Insiders have bought a total of 1,722,237 shares of company stock valued at $55,164,869 in the last quarter. 2.00% of the stock is owned by corporate insiders.
Trinity Industries (NYSE TRN) traded down $0.42 during midday trading on Monday, reaching $37.46. The company had a trading volume of 1,114,300 shares, compared to its average volume of 1,303,296. The stock has a market cap of $5,750.00, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.52 and a beta of 2.26. Trinity Industries has a twelve month low of $25.01 and a twelve month high of $38.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. The firm had revenue of $973.60 million during the quarter, compared to the consensus estimate of $951.60 million. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. research analysts anticipate that Trinity Industries will post 1.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.39%. Trinity Industries’s payout ratio is 34.67%.
Trinity Industries declared that its board has authorized a stock repurchase program on Tuesday, December 12th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
WARNING: This report was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.chaffeybreeze.com/2018/01/01/trinity-industries-inc-trn-receives-average-recommendation-of-buy-from-analysts.html.
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
Receive News & Ratings for Trinity Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries and related companies with MarketBeat.com's FREE daily email newsletter.