Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Trinity Industries Inc before investing.

In this article, we go over a few key elements for understanding Trinity Industries Inc’s stock price such as:

• Trinity Industries Inc’s current stock price and volume
• Why Trinity Industries Inc’s stock price changed recently
• Upgrades and downgrades for TRN from analysts
• TRN’s stock price momentum as measured by its relative strength

About Trinity Industries Inc (TRN)

Before we jump into Trinity Industries Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Trinity Industries, Inc. is the owner of businesses that provide rail transportation products and services in North America. The Company markets its railcar products and services under the trade name TrinityRail. The TrinityRail platform provides railcar leasing and management services; railcar manufacturing, maintenance and modifications, and other railcar logistics products and services. Its segments include the Railcar Leasing and Management Services Group and the Rail Products Group. Its Railcar Leasing and Management Services Group owns and operates a fleet of railcars and provides third-party fleet leasing, management, administrative services, and other railcar logistics products and services. Its Rail Products Group manufactures and sells railcars and related parts and components and provides railcar maintenance and modification services. It operates in various markets including refined products and chemicals, energy, agriculture, construction and metals, and consumer products.

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Trinity Industries Inc’s Stock Price as of Market Close

As of June 17, 2024, 4:00 PM, CST, Trinity Industries Inc’s stock price was $29.60.

Trinity Industries Inc is up 5.34% from its previous closing price of $28.10.

During the last market session, Trinity Industries Inc’s stock traded between $27.52 and $28.42. Currently, there are 81.60 million shares of Trinity Industries Inc stock available for purchase.

Trinity Industries Inc’s price-earnings (P/E) ratio is currently at 16.7, which is high compared to the Heavy Machinery & Vehicles industry median of 14.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Trinity Industries Inc Stock Price History

Trinity Industries Inc’s (TRN) price is currently down 5.88% so far this month.

During the month of June, Trinity Industries Inc’s stock price has reached a high of $32.00 and a low of $27.52.

Over the last year, Trinity Industries Inc has hit prices as high as $32.00 and as low as $20.04. Year to date, Trinity Industries Inc’s stock is up 0.1%.

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What Caused Trinity Industries Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of June 14, 2024,, no analysts have changed their rating of Trinity Industries Inc’s stock over the last month.

Additionally, you'll want to evaluate Trinity Industries Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Trinity Industries Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Trinity Industries Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Trinity Industries Inc (TRN) by visiting AAII Stock Evaluator.

Relative Price Strength of Trinity Industries Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 14, 2024, Trinity Industries Inc has a weighted four-quarter relative price strength of 0.31%, which translates to a Momentum Score of 73 and is considered to be Strong.

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Trinity Industries Inc Stock Price: Bottom Line

As of June 17, 2024, Trinity Industries Inc’s stock price is $29.60, which is up 5.34% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Trinity Industries Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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