Equities researchers at Avondale Partners assumed coverage on shares of Trinity Industries (NYSE:TRN) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Trinity Industries (NYSE: TRN) traded up 1.68% on Thursday, hitting $38.16. Trinity Industries has a 52-week low of $22.26 and a 52-week high of $45.67. The stock’s 50-day moving average is currently $38.03. The company has a market cap of $3.022 billion and a price-to-earnings ratio of 10.63.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.10. The company had revenue of $932.90 million for the quarter, compared to the consensus estimate of $973.84 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Trinity Industries has set its Q2 guidance at $0.88-0.95 EPS and its FY13 guidance at $3.80-4.05 EPS. On average, analysts predict that Trinity Industries will post $4.00 earnings per share for the current fiscal year.
Separately, analysts at Sterne Agee raised their price target on shares of Trinity Industries from $40.00 to $44.00 in a research note to investors on Thursday, May 2nd. They now have a “neutral” rating on the stock.
Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Trinity Industries has a consensus rating of “Hold” and a consensus target price of $43.00.
Trinity Industries, Inc (NYSE: TRN) is a multi-industry company, which owns a range of businesses, which provides products and services to the industrial, energy, transportation, and construction sectors.
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