Rating Worth Watching: -18.40% to Target, Stifel Reiterates Hold Rating for Trinity Industries (NYSE:TRN) Stock

November 30, 2016 - By Winifred Garcia

Rating Worth Watching:  18.40% to Target, Stifel Reiterates Hold Rating for Trinity Industries (NYSE:TRN) Stock

Trinity Industries (NYSE:TRN) Rating

Stifel have a $22.0 price target on the stock. The price target means a potential downside of -18.40% from Trinity Industries (NYSE:TRN)‘s last price. This rating was released in an analyst 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. The company was initiated on Thursday, February 18 by Axiom Capital. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, September 30. The stock of Trinity Industries Inc (NYSE:TRN) earned “Neutral” rating by Macquarie Research on Friday, September 4. The stock of Trinity Industries Inc (NYSE:TRN) earned “Underperform” rating by CLSA on Friday, September 30. On Monday, September 21 the stock rating was downgraded by Wells Fargo to “Market Perform”. The stock has “Buy” rating given by Stifel Nicolaus on Monday, February 22. The firm earned “Neutral” rating on Monday, June 20 by Longbow. Cowen & Co maintained the stock with “Outperform” rating in Friday, February 12 report. The rating was downgraded by BB&T Capital on Friday, February 19 to “Underweight”. On Monday, December 14 the stock rating was initiated by Cowen & Co with “Outperform”.

The stock closed at $26.96 during the last session. It is down 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 earnings per share, down 70.77% or $0.92 from last year’s $1.3 per share. TRN’s profit will be $57.08 million for 17.74 P/E if the $0.38 EPS becomes a reality. After $0.55 actual earnings per share 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 Q2 2016. Its up 0.34, from 0.86 in 2016Q1. The ratio is positive, 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.

Moreover, Thompson Siegel & Walmsley Limited Liability Corporation has 0.18% invested in Trinity Industries Inc (NYSE:TRN) for 597,754 shares. Cadence Cap Mngmt Ltd Liability Corp holds 39,091 shares or 0.05% of its portfolio. South Dakota Council holds 0.12% of its portfolio in Trinity Industries Inc (NYSE:TRN) for 290,700 shares. Benjamin F Edwards And Company last reported 0% of its portfolio in the stock. Blackrock Japan Communications Limited holds 1,888 shares or 0% of its portfolio. Amalgamated Fincl Bank holds 0.03% or 20,329 shares in its portfolio. Daniel Devine And has 0.99% invested in the company for 77,805 shares. The Texas-based Dimensional Fund Advsr Lp has invested 0.05% in Trinity Industries Inc (NYSE:TRN). Dekabank Deutsche Girozentrale, a Germany-based fund reported 55,678 shares. Mark Sheptoff Financial Planning Limited Liability Company has 100 shares for 0% of their US portfolio. Profund Advsr Limited Liability Corporation has 30,408 shares for 0.03% of their US portfolio. Deutsche National Bank & Trust Ag last reported 1.11M shares in the company. Sandy Spring Bancshares, a Maryland-based fund reported 103,270 shares. Spot Trading Ltd last reported 0.01% of its portfolio in the stock. The Washington-based Freestone Capital Ltd Company has invested 0.07% in Trinity Industries Inc (NYSE:TRN).

Insider Transactions: Since November 2, 2016, the stock had 1 buy, and 0 insider sales for $9.77 million net activity. Another trade for 461,605 shares valued at $9.77 million was bought by ValueAct Holdings – L.P..

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 $4.05 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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