Trimas (NASDAQ:TRS) Has Just Had Its Price Objective Heightened by Analysts at Roth Capital to $21.00


Stock Analysis:Trimas (NASDAQ:TRS) Target Upped

In a note disseminated by Roth Capital on Friday morning, Trimas (NASDAQ:TRS) had its target PPS hiked to $21.00. The firm presently has a solid Neutral rating on shares.

From a total of 8 analysts covering Trimas (NASDAQ:TRS) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 20% of the ratings are positive. The highest target price is $27 while the lowest target price is $18. The mean of all analyst targets is $21.88 with a -2.15% below today’s ($20.95) stock price. Trimas was the topic of 6 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. TH Capital downgraded shares on August 5 to “Neutral” rating. Roth Capital downgraded TRS stock in a recent report from August 5 to “Neutral” rating.

The stock increased 1.35% or $0.28 on December 4, striking $20.95. Approximately shares of stock traded hands. TriMas Corp (NASDAQ:TRS) has declined 25.81% since May 4, 2015 and is downtrending. It has underperformed by 24.74% the S&P500.

TriMas Corporation is a designer, maker and distributor of engineered and applied products for commercial, industrial and consumer markets. The company has a market cap of $935.98 million. The Firm operates through four divisions: Packaging, Energy, Aerospace and Engineered Components. It has 27.34 P/E ratio. The Company’s Packaging segment is a designer, maker and distributor of engineered closure and dispensing systems for steel and plastic industrial, and consumer packaging applications.

According to Zacks Investment Research, “TRIMAS CORPORATION, headquartered in Bloomfield Hills, Michigan, is a diversified growth company of specialty niche businesses manufacturing a variety of highly engineered products for commercial, industrial and consumer markets worldwide. TriMas Corporation is organized into five strategic business segments: Packaging Systems, Energy Products, Industrial Specialties, RV & Trailer Products, and Recreational Accessories.” Get a free copy of the Zacks research report on TriMas Corp (TRS).