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Monday, September 21, 2020

Renewed Optimism is Surrounding Trinity Industries Inc. (NYSE:TRN)

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The Trinity Industries Inc. (TRN) shares are trading at lower $19.64 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $16.80.

To add more color to this target, the company’s high over the last year is $24.64 and the low is $14.53. Over the last 52 weeks, TRN is down -20.29% while the S&P 500 is down -1.19%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, TRN reported a profit of $73.0 million. Trinity Industries Inc. also saw revenues increase to $615.2 million. In addition, TRN has free cash flow of $30.4 million as of 03-2020. The company’s EBITDA came in at $139.9 million which compares well with its peers.

TRN booked profit margins of 8.80%, its Return on Equity (ROE) is 12.60%, and its Return on Assets is 3.00%. All told, it is clear that, TRN needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TRN has a short ratio of 11.19 and outstanding shares of 118.00M.

Company Outlook

TRN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.77 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.90. Trinity Industries Inc. TRN also noted assets of $9.0 billion at the end of the last quarter. Investors should also keep an eye on sector updates as TRN has historically followed its peers on positive news.

All told, Trinity Industries Inc. TRN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TRN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Trinity Industries Inc. TRN is now commanding a market cap of 2.36B and a float of 115.52M. TRN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TRN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in TRN, either long or short, and we have not been compensated for this article.

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