Trinity Industries Inc (TRN) is Reiterated by Cowen to Outperform, Raises Price Target to $ 22

Trinity Industries Inc (TRN) was Reiterated by Cowen to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $21 . Cowen advised their investors in a research report released on Apr 25, 2016.

Many Wall Street Analysts have commented on Trinity Industries Inc. Trinity Industries Inc was Downgraded by Stifel to ” Hold” on Apr 19, 2016. Shares were Reiterated by Cowen on Feb 22, 2016 to “Outperform” and Lowered the Price Target to $ 21 from a previous price target of $31 .Shares were Reiterated by Stifel on Feb 22, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $27 .

On the company’s financial health, Trinity Industries Inc reported $0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.69. The company had revenue of $1187.90 million for the quarter, compared to analysts expectations of $1340.26 million. The company’s revenue was down -27.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.13 EPS.

Trinity Industries Inc opened for trading at $19.53 and hit $20.14 on the upside on Friday, eventually ending the session at $19.93, with a gain of 7.27% or 1.35 points. The heightened volatility saw the trading volume jump to 54,93,973 shares. Company has a market cap of $3,046 M.

In a different news, on Nov 3, 2015, D Stephen Menzies (Senior Vice President) sold 101,296 shares at $27.46 per share price. According to the SEC, on May 6, 2015, Timothy R Wallace (CEO) purchased 20,000 shares at $29.44 per share price. On May 6, 2015, James E Perry (CFO) purchased 10,000 shares at $29.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Trinity Industries Inc. is a diversified industrial company that owns businesses providing products and services to the energy transportation chemical and construction sectors. The Company’s 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.

Trinity Industries Inc

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