Stifel Nicolaus analyst Michael Baudendistel reiterated a Buy rating on Trinity Industries (TRN) on November 16 and set a price target of $34. The company’s shares closed on Friday at $22.90.
According to TipRanks.com, Baudendistel is a 1-star analyst with an average return of -2.0% and a 49.6% 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 Strong Buy, with a price target consensus of $37.20, representing a 62.4% upside. In a report issued on November 1, Cowen & Co. also maintained a Buy rating on the stock with a $47 price target.
.
See today’s analyst top recommended stocks >>
Based on Trinity Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $27.1 million. In comparison, last year the company had a net profit of $65.6 million.
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.
