Trinity Industries (TRN) Gets a Buy Rating from Cowen & Co.

By Ryan Adsit

Cowen & Co. analyst Matt Elkott maintained a Buy rating on Trinity Industries (TRNResearch Report) today and set a price target of $26.00. The company’s shares closed last Monday at $20.68.

According to TipRanks.com, Elkott is a 4-star analyst with an average return of 7.8% and a 56.7% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Freightcar America, and Greenbrier.

Currently, the analyst consensus on Trinity Industries is a Hold with an average price target of $21.60.

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Based on Trinity Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $48.4 million. In comparison, last year the company earned revenue of $735 million and had a net profit of $26.7 million.

Based on the recent corporate insider activity of 24 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 rail transportation products and services in North America. It operates through the following segments: Railcar Leasing and Management Services Group, Rail Products Group and All Other. The Railcar Leasing and Management Services Group segment provides railcar industry services.