Stephens Analysts Give Trinity Industries (TRN) a $24.00 Price Target

Stephens set a $24.00 target price on Trinity Industries (NYSE:TRN) in a report released on Thursday, March 28th, Stock Target Advisor reports. The brokerage currently has a hold rating on the transportation company’s stock.

A number of other analysts have also recently commented on the stock. ValuEngine cut shares of Trinity Industries from a hold rating to a sell rating in a research note on Wednesday, January 2nd. Vertical Group cut shares of Trinity Industries from a hold rating to a sell rating and set a $12.00 target price for the company. in a research note on Tuesday, December 4th. Cowen reiterated a buy rating and issued a $30.00 target price on shares of Trinity Industries in a research note on Monday, December 10th. Mizuho reiterated a buy rating and issued a $32.00 target price on shares of Trinity Industries in a research note on Tuesday, February 26th. Finally, Buckingham Research cut shares of Trinity Industries from a buy rating to a neutral rating and lowered their target price for the stock from $32.00 to $26.00 in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Trinity Industries presently has a consensus rating of Hold and an average price target of $27.78.

Shares of Trinity Industries stock traded up $0.13 on Thursday, reaching $23.67. The stock had a trading volume of 1,052,143 shares, compared to its average volume of 1,392,667. The company has a quick ratio of 0.85, a current ratio of 1.76 and a debt-to-equity ratio of 1.57. Trinity Industries has a 1 year low of $18.99 and a 1 year high of $39.35. The company has a market cap of $3.09 billion, a P/E ratio of 29.59, a PEG ratio of 1.80 and a beta of 2.11.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, February 20th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. Trinity Industries had a net margin of 4.63% and a return on equity of 5.26%. The firm had revenue of $735.00 million for the quarter, compared to the consensus estimate of $670.90 million. During the same quarter in the previous year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, equities research analysts forecast that Trinity Industries will post 1.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.17 dividend. This is a boost from Trinity Industries’s previous quarterly dividend of $0.13. This represents a $0.68 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, April 12th. Trinity Industries’s payout ratio is currently 85.00%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio lifted its stake in shares of Trinity Industries by 12.8% in the 1st quarter. Strs Ohio now owns 15,117 shares of the transportation company’s stock valued at $328,000 after purchasing an additional 1,717 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Trinity Industries in the 1st quarter worth $823,000. New England Research & Management Inc. purchased a new stake in Trinity Industries in the 1st quarter worth $529,000. First Hawaiian Bank purchased a new stake in Trinity Industries in the 1st quarter worth $62,000. Finally, Geode Capital Management LLC increased its holdings in Trinity Industries by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 1,416,160 shares of the transportation company’s stock worth $29,158,000 after acquiring an additional 47,512 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

About Trinity Industries

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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