TriMas Corp (TRS) Lifted to “Overweight” at JPMorgan Chase & Co.

TriMas Corp (NYSE:TRS) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Tuesday, The Fly reports.

Several other research firms have also issued reports on TRS. Jefferies Group reduced their target price on shares of TriMas Corp from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Friday, July 29th. TheStreet upgraded shares of TriMas Corp from a “sell” rating to a “hold” rating in a research note on Friday, July 1st.

Shares of TriMas Corp (NYSE:TRS) opened at 17.51 on Tuesday. TriMas Corp has a 1-year low of $14.76 and a 1-year high of $22.02. The company has a 50-day moving average price of $18.37 and a 200-day moving average price of $17.86.

TriMas Corp (NYSE:TRS) last posted its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The firm earned $203.30 million during the quarter, compared to the consensus estimate of $222.52 million. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s revenue was down 9.6% compared to the same quarter last year. On average, equities analysts predict that TriMas Corp will post $1.25 earnings per share for the current year.

In related news, insider Thomas A. Amato purchased 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were bought at an average cost of $17.83 per share, with a total value of $142,640.00. Following the acquisition, the insider now owns 6,000 shares of the company’s stock, valued at $106,980. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

5 Day Chart for NYSE:TRS

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