Trinity Industries Inc (NYSE: TRN) has reported earnings for its second fiscal quarter (ending June 30) of $0.68 versus $0.24 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.16 compared to $1.16 a year ago.
Recent Price Action
Trinity Industries Inc (NYSE: TRN) stock closed at $36.50 on 8/1/24 after a major increase of 10.4%. Moreover, exceptionally high trading volume at 254% of normal accompanied the advance. The stock has risen 13.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
TRN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Trinity Industries has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Trinity Industries has a neutral Appreciation Score of 53 but a good Power Rating of 84, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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