Trinity Industries Receives a Buy from Stifel Nicolaus


Stifel Nicolaus analyst Michael Baudendistel maintained a Buy rating on Trinity Industries (NYSE: TRN) today and set a price target of $44. The company’s shares closed on Friday at $31.88.

According to TipRanks.com, Baudendistel is a 1-star analyst with an average return of -0.1% and a 49.0% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Wabash National Corp, and Westinghouse Air.

Currently, the analyst consensus on Trinity Industries is Moderate Buy and the average price target is $48.75, representing a 52.9% upside.

In a report issued on April 25, Cowen & Co. also maintained a Buy rating on the stock with a $46 price target.

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Based on Trinity Industries’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $831 million and quarterly net profit of $39.5 million. In comparison, last year the company earned revenue of $877 million and had a net profit of $44.8 million.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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