Is Trinity Industries, Inc. (NYSE:TRN) Expensive For A Reason? A Look At Its Intrinsic Value
Key Insights Using the Dividend Discount Model, Trinity Industries fair value estimate is US$20.09 Current share price...
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Key Insights Using the Dividend Discount Model, Trinity Industries fair value estimate is US$20.09 Current share price...
For 2020, 2021, and 2022, we are projecting railcar deliveries of 32.2K, 35.9K and 36.2K units, respectively. At Cowen and Company, we are revising our transportation OEM and machinery earnings estimates for fourth-quarter 2020 and 2021, and introducing our 2022 estimates; updating our North American Class 8 production forecast; and fine-tuning our railcar supply demand model. What are we seeing? Gradually improving supply-side dynamics. OEM Positioning and New 2022 Estimates We see Wabtec (WAB) as best positioned into the 4Q20 print. The Greenbrier Companies (GBX) is our top pick for 2021 (a...