Cowen raised the price target for the Trinity Industries Inc. (NYSE:TRN) stock to “an Outperform”. The rating was released on February 10, 2021. The research report from Cowen has reiterated the stock to Outperform, with a price target set at $21. The stock was downgraded by Wells Fargo, who disclosed in a research note on January 14, 2020, from Overweight to Underweight and set the price objective to $22. In their research brief published November 08, 2019, Susquehanna analysts downgraded the Trinity Industries Inc. stock from Positive to Neutral with a price target of $22.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.07 during the last quarter as opposed to a consensus estimate of $0.08, which indicates the company missed its estimate by -$0.01, which implies that the company surprised the market by -12.50%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $0.08. This is an average of 4 analysts’ earnings, where the high earnings per share estimate is $0.12 and the low earnings per share estimate is $0.07. According to 5 analyst estimates, an average revenue estimate of $448.66M is projected for the current quarter with a high revenue estimate of $488.8M and a low estimate of $412M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Trinity Industries Inc. (NYSE:TRN) dipped -2.92% to close Friday’s market session at $27.64, lower as compared to yesterday’s close. The stock price fluctuated between $27.53 and $28.785 throughout the trading session with the volume trading being 1391349 shares, which represented a significant variation when compared to the three months average volume of 865.75K shares. The firm’s stock price fluctuated 0.66% within the last five trades and -2.98% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 49.16% in the last 6 months and -0.61% was subtracted to its value over the previous 3 months. TRN stock is trading at a margin of -2.46%, -5.07% and 12.41% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, TRN deals in the Industrials domain. The stock is trading -18.15 percent below its 52-week high and 62.11 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 41.68. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Trinity Industries Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -2.60 percent and the profit margin is 0.00 percent, and the company has reported a gross margin of 22.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.98 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 24.53. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.22 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.78, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
ADAMS JOHN L, the Director at Trinity Industries Inc. (TRN) has sold 10,000 shares of firm on Mar 30 at a price of $28.75 against the total amount of $0.29 million. In another inside trade, Lovett Melendy E, EVP & Chief Admin Officer of Trinity Industries Inc. (NYSE:TRN) sold 850 shares of the firm on Mar 15 for a total worth of $25526.0 at a price of $30.03. An inside trade which took place on Mar 09, Director of Trinity Industries Inc. ADAMS JOHN L sold 6,000 shares of firm against total price of $0.18 million at the cost of $29.63 per share.