TriMas Corp Rating Reiterated by Jefferies Group (TRS)
Jefferies Group reissued their hold rating on shares of TriMas Corp (NYSE: TRS) in a research report released on Wednesday morning. Jefferies Group currently has a $33.00 price target on the stock, up from their previous price target of $29.00.
“Further to our Initial Take report, we maintain 4Q12 earnings were somewhat disappointing. But the call revealed non-recurring expenses were included in adjusted EPS, so we are more positive than we were with the print. We are increasing our estimates on better sales trends.,” the firm’s analyst wrote.
TriMas Corp opened at 28.69 on Wednesday. TriMas Corp has a 52-week low of $18.26 and a 52-week high of $32.13. The stock’s 50-day moving average is currently $30.31. The company has a market cap of $1.122 billion and a price-to-earnings ratio of 32.24.
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