Trinity Industries, Inc. [TRN] stock prices are up 13.57% to $29.55 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TRN shares have gain 8.72% over the last week, with a monthly amount glided 9.28%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Trinity Industries, Inc. [NYSE: TRN] stock has seen the most recent analyst activity on October 16, 2023, when Susquehanna upgraded its rating to a Positive and also boosted its price target to $32 from $29. Previously, Susquehanna downgraded its rating to Neutral on November 07, 2022, and kept the price target unchanged to $30. On July 26, 2021, upgrade upgraded it’s rating to Positive and revised its price target to $36 on the stock. Cowen reiterated its Outperform rating and increased its price target to $34 on February 10, 2021. Wells Fargo upgraded its rating to a Overweight but $30 remained the price target by the analyst firm on December 14, 2020. Cowen reiterated a Outperform rating for this stock on July 28, 2020, and downed its price target to $21. In a note dated January 14, 2020, Wells Fargo downgraded an Underweight rating on this stock but restated the target price of $22.
The stock price of Trinity Industries, Inc. [TRN] has been fluctuating between $20.04 and $28.86 over the past year. Currently, Wall Street analysts expect the stock to reach $30 within the next 12 months. Trinity Industries, Inc. [NYSE: TRN] shares were valued at $29.55 at the most recent close of the market. An investor can expect a potential return of 1.52% based on the average TRN price forecast.
Analyzing the TRN fundamentals
The Trinity Industries, Inc. [NYSE:TRN] reported sales of 2.98B for trailing twelve months, representing a surge of 34.96%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.65 points at the first support level, and at 25.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.64, and for the 2nd resistance point, it is at 31.73.
Trinity Industries, Inc. [TRN] reported earnings per share of $0.82 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.64/share, meaning a difference of $0.18 and a surprise factor of 28.10%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.26 per share as compared to estimates of $0.26 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It’s worth pointing out that Trinity Industries, Inc. [NYSE:TRN]’s Current Ratio is 1.01. On the other hand, the Quick Ratio is 0.47, and the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 2.33 and price to earnings (TTM) ratio is 23.27.
Transactions by insiders
Recent insider trading involved Marchetto Eric R, EVP & CFO, that happened on Mar 27 ’24 when 9781.0 shares were sold. EVP Operations & Support Svcs, Poet Kevin completed a deal on Mar 06 ’24 to sell 6000.0 shares. Meanwhile, EVP & CFO Marchetto Eric R sold 11863.0 shares on Dec 13 ’23.
