Trinity Industries (TRN) Receives Price Target

Trinity Industries (TRN) stock is expected to deviate a maximum of $3.96 from the average target price of $23.8 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $27 and the most muted being $17.

Trinity Industries (TRN) : Zacks Investment Research ranks Trinity Industries (TRN) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.5, which indicates as a Buy.


Also, Equity Analysts at the Susquehanna downgrades the rating on Trinity Industries (NYSE:TRN). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Positive. The rating by the firm was issued on July 25, 2016.

Trinity Industries (NYSE:TRN): The stock opened at $24.34 on Thursday but the bulls could not build on the opening and the stock topped out at $24.43 for the day. The stock traded down to $23.79 during the day, due to lack of any buying support eventually closed down at $24.05 with a loss of -1.52% for the day. The stock had closed at $24.42 on the previous day. The total traded volume was 1,682,151 shares.

Trinity Industries, Inc. is a diversified industrial company that owns businesses providing products and services to the energy, transportation, chemical and construction sectors. The Companys products and services include railcars and railcar parts, the leasing, management, and maintenance of railcars, inland barges, highway products, aggregates, storage and distribution containers, structural wind towers, electric utility structures and parts and steel components. The Company operates under the following segments: the Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group, Railcar Leasing and Management Services Group, and All Other. The Company caters to concrete producers, which include commercial, residential, highway contractors, manufacturers of masonry products, and state and local municipalities. It also caters to commercial marine transportation companies, wind turbine producers, dealers and industrial users.

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