A share price of Trinity Industries, Inc. [TRN] is currently trading at $31.24, down -0.67%. An important factor to consider is whether the stock is rising or falling in short-term value. The TRN shares have gain 2.70% over the last week, with a monthly amount glided 3.96%, 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 May 02, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $33 from $30. Previously, Susquehanna upgraded its rating to Positive on October 16, 2023, and elevated its price target to $32. On November 07, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $30 on the stock. Susquehanna upgraded its rating to a Positive and increased its price target to $36 on July 26, 2021. Cowen reiterated its recommendation of a Outperform and raised its price target to $34 on February 10, 2021. Wells Fargo upgraded its rating to Overweight for this stock on December 14, 2020, but kept the price target unchanged to $30. In a note dated July 28, 2020, Cowen reiterated an Outperform rating on this stock and revised its target price from $24 to $21.
Trinity Industries, Inc. experienced fluctuations in its stock price throughout the past year between $20.04 and $31.59. Currently, Wall Street analysts expect the stock to reach $30 within the next 12 months. Trinity Industries, Inc. [NYSE: TRN] shares were valued at $31.24 at the most recent close of the market. An investor can expect a potential drop of -3.97% based on the average TRN price forecast.
Analyzing the TRN fundamentals
Trailing Twelve Months sales for Trinity Industries, Inc. [NYSE:TRN] were 3.15B which represents 26.16% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.59.
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 30.84 points at the first support level, and at 30.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.82, and for the 2nd resistance point, it is at 32.40.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Trinity Industries, Inc. [NYSE:TRN] is 2.06. On the other hand, the Quick Ratio is 1.09, 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 2.44 and price to earnings (TTM) ratio is 20.82.
Transactions by insiders
Recent insider trading involved Marchetto Eric R, EVP & CFO, that happened on May 02 ’24 when 8816.0 shares were sold. EVP & CFO, Marchetto Eric R completed a deal on Mar 27 ’24 to sell 9781.0 shares. Meanwhile, EVP Operations & Support Svcs Poet Kevin sold 6000.0 shares on Mar 06 ’24.
