In the past week, TRN stock has gone up by 8.72%, with a monthly gain of 9.28% and a quarterly surge of 17.54%. The volatility ratio for the week is 4.19%, and the volatility levels for the last 30 days are 2.75% for Trinity Industries, Inc. The simple moving average for the past 20 days is 9.55% for TRN’s stock, with a 17.28% simple moving average for the past 200 days.
Is It Worth Investing in Trinity Industries, Inc. (NYSE: TRN) Right Now?
The price-to-earnings ratio for Trinity Industries, Inc. (NYSE: TRN) is above average at 23.27x, Company’s 36-month beta value is 1.38.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for TRN is 80.75M, and currently, short sellers hold a 2.13% ratio of that floaft. The average trading volume of TRN on May 02, 2024 was 525.93K shares.
TRN) stock’s latest price update
The stock of Trinity Industries, Inc. (NYSE: TRN) has increased by 13.57 when compared to last closing price of 26.02.Despite this, the company has seen a gain of 8.72% in its stock price over the last five trading days. Business Wire reported 2024-04-09 that DALLAS–(BUSINESS WIRE)–Trinity Industries, Inc. (NYSE: TRN) (“Trinity”) announced today that it will report its financial results for the three months ended March 31, 2024 before the financial markets open on May 1, 2024. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on May 1, 2024 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the fourth quarter earnings conference call via.
Analysts’ Opinion of TRN
Many brokerage firms have already submitted their reports for TRN stocks, with Susquehanna repeating the rating for TRN by listing it as a “Positive.” The predicted price for TRN in the upcoming period, according to Susquehanna is $32 based on the research report published on October 16, 2023 of the previous year 2023.
Susquehanna, on the other hand, stated in their research note that they expect to see TRN reach a price target of $30. The rating they have provided for TRN stocks is “Neutral” according to the report published on November 07th, 2022.
Susquehanna gave a rating of “Positive” to TRN, setting the target price at $36 in the report published on July 26th of the previous year.
TRN Trading at 12.04% from the 50-Day Moving Average
After a stumble in the market that brought TRN to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.39% of gains for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 4.19%, as shares surge +7.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.31% upper at present.
During the last 5 trading sessions, TRN rose by +8.72%, which changed the moving average for the period of 200-days by +15.88% in comparison to the 20-day moving average, which settled at $27.07. In addition, Trinity Industries, Inc. saw 11.13% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TRN starting from Marchetto Eric R, who sale 9,781 shares at the price of $28.00 back on Mar 27 ’24. After this action, Marchetto Eric R now owns 233,704 shares of Trinity Industries, Inc., valued at $273,868 using the latest closing price.
Poet Kevin, the EVP Operations & Support Svcs of Trinity Industries, Inc., sale 6,000 shares at $25.45 during a trade that took place back on Mar 06 ’24, which means that Poet Kevin is holding 30,718 shares at $152,700 based on the most recent closing price.
Stock Fundamentals for TRN
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.18 for the gross margin
The net margin for Trinity Industries, Inc. stands at 0.05. The total capital return value is set at 0.05. Equity return is now at value 11.65, with 1.35 for asset returns.
Currently, EBITDA for the company is 615.9 million with net debt to EBITDA at -0.22. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 4.84for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
In a nutshell, Trinity Industries, Inc. (TRN) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
