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Stifel Nicolaus Believes Trinity Industries (TRN) Won’t Stop Here


Stifel Nicolaus analyst Michael Baudendistel maintained a Buy rating on Trinity Industries (NYSE: TRN) today and set a price target of $47. The company’s shares closed yesterday at $38.21, close to its 52-week high of $39.19.

According to TipRanks.com, Baudendistel is a 3-star analyst with an average return of 2.7% and a 56.7% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Wabash National Corp, and Freightcar America.

Trinity Industries has an analyst consensus of Moderate Buy, with a price target consensus of $45.40, which is a 18.8% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $46 price target.

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The company has a one-year high of $39.19 and a one-year low of $30.39. Currently, Trinity Industries has an average volume of 1.22M.

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Trinity Industries, Inc. engages in the provision of products and services to the energy, transportation, chemical, and construction sectors. It operates through the following segments: Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group, Railcar Leasing and Management Services Group, and All Other.