The price-to-earnings ratio for Trinity Industries, Inc. (NYSE: TRN) is 16.66x, which is above its average ratio. Moreover, the 36-month beta value for TRN is 1.39. Analysts have varying 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 81.20M and currently, short sellers hold a 2.13% of that float. On August 23, 2024, TRN’s average trading volume was 649.49K shares.
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TRN) stock’s latest price update
Trinity Industries, Inc. (NYSE: TRN)’s stock price has gone rise by 1.38 in comparison to its previous close of 31.94, however, the company has experienced a 0.12% increase in its stock price over the last five trading days. zacks.com reported 2024-07-05 that Trinity (TRN) is riding on its robust segmental performance. The company’s efforts to reward shareholders are also encouraging.
TRN’s Market Performance
Trinity Industries, Inc. (TRN) has experienced a 0.12% rise in stock performance for the past week, with a -2.70% drop in the past month, and a 8.95% rise in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 3.26% for TRN. The simple moving average for the past 20 days is -1.47% for TRN’s stock, with a 16.03% simple moving average for the past 200 days.
Analysts’ Opinion of TRN
Many brokerage firms have already submitted their reports for TRN stocks, with TD Cowen repeating the rating for TRN by listing it as a “Buy.” The predicted price for TRN in the upcoming period, according to TD Cowen is $33 based on the research report published on May 02, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see TRN reach a price target of $32, previously predicting the price at $29. The rating they have provided for TRN stocks is “Positive” according to the report published on October 16th, 2023.
Susquehanna gave a rating of “Neutral” to TRN, setting the target price at $30 in the report published on November 07th of the previous year.
TRN Trading at 3.57% 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 unable to rebound, for now settling with -12.58% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -2.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.30% upper at present.
During the last 5 trading sessions, TRN rose by +0.49%, which changed the moving average for the period of 200-days by +35.81% in comparison to the 20-day moving average, which settled at $32.82. In addition, Trinity Industries, Inc. saw 21.78% 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 8,816 shares at the price of $30.00 back on May 02 ’24. After this action, Marchetto Eric R now owns 224,888 shares of Trinity Industries, Inc., valued at $264,480 using the latest closing price.
Marchetto Eric R, the EVP & CFO of Trinity Industries, Inc., sale 9,781 shares at $28.00 during a trade that took place back on Mar 27 ’24, which means that Marchetto Eric R is holding 233,704 shares at $273,868 based on the most recent closing price.
Stock Fundamentals for TRN
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.2 for the gross margin
The net margin for Trinity Industries, Inc. stands at 0.05. The total capital return value is set at 0.06. Equity return is now at value 17.15, with 1.97 for asset returns.
Based on Trinity Industries, Inc. (TRN), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 5.38. The interest coverage ratio of the stock is 1.72.
Currently, EBITDA for the company is 615.9 million with net debt to EBITDA at 8.41. When we switch over and look at the enterprise to sales, we see a ratio of 2.5. The receivables turnover for the company is 8.13for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.07.
Conclusion
To wrap up, the performance of Trinity Industries, Inc. (TRN) has been better in recent times. The stock has received a bullish of “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.
