Trinity Industries (TRN) was Downgraded to a Hold Rating at Buckingham

By Jason Carr

Buckingham analyst Matthew Brooklier downgraded Trinity Industries (TRNResearch Report) to Hold today and set a price target of $26. The company’s shares closed yesterday at $22.96.

According to TipRanks.com, Brooklier is ranked #2539 out of 5265 analysts.

Currently, the analyst consensus on Trinity Industries is a Moderate Buy with an average price target of $30.67, a 33.6% upside from current levels. In a report issued on March 11, KeyBanc also downgraded the stock to Hold with a $30 price target.

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Based on Trinity Industries’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $735 million and net profit of $26.7 million. In comparison, last year the company had a net profit of $528 million.

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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.