Industrial Stock To Watch : Trinity Industries, Inc. (NYSE:TRN)

Trinity Industries, Inc. (NYSE:TRN) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $25.97, up by 9.36%, with a volume of 3,212,932 shares against an average volume for the last 30 days of 2,381,213.

Trinity Industries, Inc. (TRN) reported last quarter earnings figures on July 23rd. The company announced actual earnings per share of $1.33 against the consensus Street estimate of $1.09. This represents a year-on-year increase of earning per share of $0.32 from corresponding quarter of last year. Trinity Industries, Inc. posted revenue of $1.68 billion.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

The company is currently valued at $4.4 billion and closed the last trading session at $25.97. The stock has 50-day moving average of $28.54 and a 200-day moving average of $31.

Trinity Industries, Inc. (NYSE:TRN) is currently trading 44.1% below its 52-week-high, 17.61% above its 52-week-low and in the range of $24.13-$30.63 over the past month. The 1-year range for the stock is $24.13-$50.77. Trinity Industries, Inc. (TRN) has a price to book ratio of 1.19 versus S&P 500 average of 2.84. The company’s share price has underperformed the S&P 500 year to date by -0.68%.

Trinity Industries, Inc. (TRN) current short interest stands at 18,091,102 shares. It has decreased by -10% from the same period of last month. Around 11.9% of the company’s shares, which are float, are short sold. With a 30-days average daily volume of 2,381,213 shares, the number of days required to cover the short positions stand at 7 days.

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There are currently thirteen analysts that we track that cover TRN. Of those thirteen, nine have a buy rating, two have a hold rating, and two have a sell rating. On a consensus basis this yields to a Buy. The overall consensus target price stands at $37.4 which represents an upside of 31.78% from the last closing price of $28.38.

Indeed, KeyBanc Capital Markets maintained their overweight stance on July 24th, with a target price of $40, which represents an upside of 40.94% from the last closing price. Another research firm, BB&T Capital Markets, reiterated their buy stance on the same day , with a target price of $40, which translates into an upside of 40.94%. Finally, Susquehanna Financial Group maintained their Positive stance on July 21st, with a target price of $36.

Company Profile

Trinity Industries, Inc. manufactures transportation, construction, and industrial products. The Company’s products include tank and freight railcars, inland hopper and tank barges, highway guardrail and safety products, ready-mix concrete, and other products. Trinity also leases railcars and other products. The Company markets its products in the United States and internationally.

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