Cowen & Co. Keeps Their Buy Rating on Trinity Industries (TRN)

By Ryan Adsit

In a report released today, Matt Elkott from Cowen & Co. maintained a Buy rating on Trinity Industries (TRNResearch Report), with a price target of $30. The company’s shares closed on Friday at $22.07.

Elkott has an average return of 5.2% when recommending Trinity Industries.

According to TipRanks.com, Elkott is ranked #725 out of 5108 analysts.

Trinity Industries has an analyst consensus of Strong Buy, with a price target consensus of $30.89, which is a 40.0% upside from current levels. In a report issued on November 26, Seaport Global also upgraded the stock to Buy with a $29 price target.

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The company has a one-year high of $28.32 and a one-year low of $19.36. Currently, Trinity Industries has an average volume of 2M.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Trinity Industries, Inc. engages in the provision of products and services to the energy, transportation, chemical, and construction sectors. It operates through the following segments: Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group, Railcar Leasing and Management Services Group, and All Other.