Trimas, the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Hamed Khorsand from BWS Financial maintained a Buy rating on the stock and has a $45.00 price target.
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Hamed Khorsand has given his Buy rating due to a combination of factors that suggest a positive outlook for Trimas Corp (TRS). The company has reported increasing sales across its business segments, which is expected to lead to higher sales and earnings in 2025, surpassing initial earnings estimates. This growth trajectory is particularly supported by the stability in its packaging segment and a fully booked aerospace segment.
Additionally, Trimas reported third-quarter sales that exceeded expectations, reinforcing confidence in its earnings growth potential. The company’s stock has been consistently trading around the $38 mark, and the recent financial results indicate a strong position to not only grow earnings but also reduce its debt. These factors collectively underpin Khorsand’s optimistic Buy rating for TRS with a target price of $45 over the next 12 months.