Rating Worth Mentioning Today: Stifel Reaffirms a Hold Rating on Trinity Industries (NYSE:TRN) and $22 Target

November 30, 2016 - By Peter Erickson

Rating Worth Mentioning Today: Stifel Reaffirms a Hold Rating on Trinity Industries (NYSE:TRN) and $22 Target

Trinity Industries (NYSE:TRN) Rating

Stifel have a $22 price target on the stock. The price target would indicate a potential downside of -18.40% from Trinity Industries (NYSE:TRN)‘s last close price. This rating was disclosed to clients in a research note on 30 November.

Trinity Industries Inc (NYSE:TRN) Ratings Coverage

Out of 9 analysts covering Trinity Industries (NYSE:TRN), 2 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 22% are positive. $32 is the highest target while $10 is the lowest. The $19.80 average target is -26.56% below today’s ($26.96) stock price. Trinity Industries has been the topic of 14 analyst reports since September 4, 2015 according to StockzIntelligence Inc. Cowen & Co maintained it with “Outperform” rating and $31 target price in Friday, February 12 report. The rating was downgraded by Wells Fargo to “Market Perform” on Monday, September 21. The company was downgraded on Friday, February 19 by BB&T Capital. Axiom Capital initiated the shares of TRN in a report on Thursday, February 18 with “Sell” rating. The company was downgraded on Monday, June 20 by Longbow. The firm has “Neutral” rating by Macquarie Research given on Friday, September 4. Cowen & Co initiated it with “Outperform” rating and $32 target price in Monday, December 14 report. The firm earned “Underperform” rating on Friday, September 30 by CLSA. The stock of Trinity Industries Inc (NYSE:TRN) earned “Hold” rating by Stifel Nicolaus on Tuesday, April 19. Cowen & Co maintained Trinity Industries Inc (NYSE:TRN) rating on Monday, February 22. Cowen & Co has “Outperform” rating and $21 price target.

The stock decreased 1.25% or $0.34 during the last trading session, hitting $26.96. Trinity Industries Inc (NYSE:TRN) has risen 35.48% since April 27, 2016 and is uptrending. It has outperformed by 30.25% the S&P500.

Analysts await Trinity Industries Inc (NYSE:TRN) to report earnings on February, 16. They expect $0.38 EPS, down 70.77% or $0.92 from last year’s $1.3 per share. TRN’s profit will be $57.65 million for 17.74 P/E if the $0.38 EPS becomes a reality. After $0.55 actual EPS reported by Trinity Industries Inc for the previous quarter, Wall Street now forecasts -30.91% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.34, from 0.86 in 2016Q1. The ratio improved, as 44 funds sold all Trinity Industries Inc shares owned while 115 reduced positions. 33 funds bought stakes while 103 increased positions. They now own 110.60 million shares or 3.18% more from 107.20 million shares in 2016Q1.

Legal & General Public Ltd Liability Corporation holds 0% or 100,711 shares in its portfolio. Texas Permanent School Fund has 0.03% invested in the company for 115,310 shares. Pacad Invest accumulated 13,364 shares or 0.03% of the stock. Monarch Asset Mngmt Limited Liability Company has invested 0.49% of its portfolio in Trinity Industries Inc (NYSE:TRN). Blackrock Fund Advisors has 5.24M shares for 0.02% of their US portfolio. Argentus Management Ltd Liability Corp has 0% invested in the company for 126 shares. Breton Hill Capital Ltd accumulated 0.3% or 50,112 shares. Valueact L P, a California-based fund reported 6.00 million shares. Mutual Of America Capital, a New York-based fund reported 110,671 shares. Shell Asset Management Company owns 85,578 shares or 0.04% of their US portfolio. Moreover, Amalgamated Bancorp has 0.03% invested in Trinity Industries Inc (NYSE:TRN) for 20,329 shares. The New York-based Catalyst Capital Advsrs Ltd Liability Corporation has invested 0.08% in Trinity Industries Inc (NYSE:TRN). Hutchin Hill Capital L P last reported 36,400 shares in the company. Brave Asset Mngmt has 0.01% invested in the company for 1,000 shares. Federated Investors Pa last reported 374,445 shares in the company.

Insider Transactions: Since November 2, 2016, the stock had 1 buy, and 0 sales for $9.77 million net activity. ValueAct Holdings – L.P. bought $9.77M worth of Trinity Industries Inc (NYSE:TRN) on Wednesday, November 2.

Trinity Industries, Inc. is a diversified industrial firm that owns a range of businesses providing services and products to the energy, transportation, chemical and construction sectors. The company has a market cap of $4.09 billion. The Company’s services and products include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products. It has a 8.68 P/E ratio. The Company’s divisions include the Rail Group, Railcar Leasing and Management Services Group, Construction Products Group, Energy Equipment Group, Inland Barge Group and All Other Groups.

According to Zacks Investment Research, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses.”

TRN Company Profile

Trinity Industries, Inc., incorporated on August 4, 1986, is a diversified industrial firm that owns a range of businesses providing services and products to the energy, transportation, chemical and construction sectors. The Company’s services and products include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products. The Company’s divisions include the Rail Group, Railcar Leasing and Management Services Group, Construction Products Group, Energy Equipment Group, Inland Barge Group and All Other Groups.

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