Trinity Industries, Inc (NYSE:TRN) price on Friday, June 13, fall -1.33% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $26.04.
A look at the stock’s price movement, the close in the last trading session was $26.39. The PE ratio in trailing twelve months stood at 16.01. Turning to its 52-week performance, $39.83 and $23.01 were the 52-week high and 52-week low respectively. Overall, TRN moved -2.22% over the past month.
Trinity Industries, Inc’s market cap currently stands at around $2.13 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 1.16, with its dividend yield at 4.45%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 589.96M for the company’s revenue for the quarter, with a low and high estimate of 563M and 616.91M respectively. The average forecast suggests down to a -29.88% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.39B, representing a -22.25% decline on that reported in the last financial year.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend TRN as a Buy and 0 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TRN’s current price about 0.12% and 1.80% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.35, while 7-day volatility ratio is 0.80% and 1.34% in the 30-day chart. Further, Trinity Industries, Inc (TRN) has a beta value of 1.46, and an average true range (ATR) of 0.60. Analysts have given the company’s stock an average 52-week price target of $24, forecast between a low of $24 and high of $24. Looking at the price targets, the low is 7.83% off current price level while to achieve the yearly target high, price needs to move 7.83%. Nonetheless, investors will most likely welcome a 7.83% jump to $24 which is the analysts’ median price.
If we refocus on Trinity Industries, Inc (NYSE:TRN), historical trading data shows that trading volumes averaged 539.00K over the past 3 months. The company’s latest data on shares outstanding shows there are 81.50 million shares.
The 1.47% of Trinity Industries, Inc’s shares are in the hands of company insiders while institutional holders own 86.32% of the company’s shares. Current price change has pushed the stock -25.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TRN stock continues to rise going into the next quarter.
