Raymond James lowered shares of Trinity Industries (NYSE:TRN) from an outperform rating to an underperform rating in a report released on Thursday, TheFlyOnTheWall.com reports. Raymond James currently has $53.00 price objective on the stock.
Separately, analysts at Zacks upgraded shares of Trinity Industries from a neutral rating to an outperform rating in a research note to investors on Wednesday, August 28th. They now have a $46.10 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $44.82.
Trinity Industries (NYSE:TRN) traded down 0.69% on Thursday, hitting $50.31. The stock had a trading volume of 187,375 shares. Trinity Industries has a 1-year low of $30.29 and a 1-year high of $56.92. The stock’s 50-day moving average is $49.00 and its 200-day moving average is $42.81. The company has a market cap of $3.929 billion and a price-to-earnings ratio of 12.02.
Trinity Industries (NYSE:TRN) last released its earnings data on Wednesday, October 30th. The company reported $1.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.10. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $0.80 earnings per share. Trinity Industries’s revenue was up 22.4% compared to the same quarter last year. On average, analysts predict that Trinity Industries will post $4.56 earnings per share for the current fiscal year.
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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