The firm said it initiated coverage on the company, which manufactures and distributes products for commercial, industrial, and consumer markets, based on its belief the TriMas is well below peak profitability.
"We view TriMas as one of the few remaining restructuring stories at which a mere normalization on operations, halfway back to historical levels, and free cash flow conversion, represents attractive upside, with a heroic top line," JPMorgan said.
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JPMorgan said it anticipates around a 30% growth in the company's free cash flow.
Separately, TheStreet Ratings team rates TRIMAS CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRIMAS CORP (TRS) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."