Trinity Industries (TRN) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $40 and the lowest price target forecast is $17. The average forecast of all the analysts is $26.2 and the expected standard deviation is $8.58.
Trinity Industries (TRN) has seen a shortfall of 28,127 shares or 0.2% in the short interest. The remaining shorts are 9.7% of the total floated shares. The net short interest, as on June 30,2016, stood at 14,394,720 shares and the stocks days to cover will be 6 by factoring in the average per day volume of 2,217,711 shares. On June 15,2016, 14,422,847 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In a research note released to the investors, Stifel Nicolaus downgrades its rating on Trinity Industries (NYSE:TRN).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 19, 2016.
Trinity Industries (NYSE:TRN): stock turned positive on Thursday. Though the stock opened at $20.6, the bulls momentum made the stock top out at $21.09 level for the day. The stock recorded a low of $20.6 and closed the trading day at $20.87, in the green by 1.51%. The total traded volume for the day was 2,175,095. The stock had closed at $20.56 in the previous days trading.
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.