Roth Capital Assigns Buy On Trimas Shares, $35 PT
In a research report issued today, Roth Capital analyst Matt Koranda assigned a Buy rating on Trimas (NASDAQ:TRS) with a price target of $35.00.
Koranda observed, “TRS posted a Q3 EPS beat on strong revenue growth and operating margins in its Packaging and Engineered Components segments, and guidance indicates Q4 EPS will come in at or above consensus estimates. Despite recent challenges driving margin compression in several segments (Energy, Aerospace, Cequent), we believe operational fixes are now underway, laying the groundwork for renewed EPS growth in 2015.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Matt Koranda has a total average return of -3.8% and a 50.0% success rate. Koranda is ranked #2713 out of 3350 analysts.