Cowen & Co. Thinks Trinity Industries’ Stock is Going to Recover

In a report released today, Matt Elkott from Cowen & Co. maintained a Buy rating on Trinity Industries (TRNResearch Report), with a price target of $36.00. The company’s shares closed last Thursday at $24.06, close to its 52-week low of $22.21.

According to TipRanks.com, Elkott is a 5-star analyst with an average return of 13.3% and a 52.1% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Freightcar America, Caterpillar, and Greenbrier.

Trinity Industries has an analyst consensus of Moderate Buy, with a price target consensus of $36.00.

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Trinity Industries’ market cap is currently $2.01B and has a P/E ratio of 50.79.

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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. The Rail Products Group segment includes the results of heads business. The All Other segment includes the results of highway products business. The company was founded in 1933 and is headquartered in Dallas, TX.

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