BidaskClub upgraded shares of Triton International Limited (NASDAQ:TRTN) from a hold rating to a buy rating in a research report report published on Thursday morning.
Other analysts also recently issued research reports about the company. Cowen and Company reissued an outperform rating and issued a $40.00 price target on shares of Triton International Limited in a report on Monday, June 19th. Keefe, Bruyette & Woods reissued a hold rating and issued a $35.00 price target on shares of Triton International Limited in a report on Thursday, August 10th. SunTrust Banks, Inc. reissued a buy rating and issued a $40.00 price target (up previously from $35.00) on shares of Triton International Limited in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded Triton International Limited from a strong-buy rating to a hold rating in a report on Thursday, July 13th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $37.50.
Triton International Limited (NASDAQ:TRTN) opened at 34.90 on Thursday. The firm has a market cap of $2.60 billion and a price-to-earnings ratio of 49.22. The stock has a 50 day moving average price of $34.18 and a 200-day moving average price of $31.62. Triton International Limited has a 12-month low of $11.50 and a 12-month high of $38.19.
Triton International Limited (NASDAQ:TRTN) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $281.90 million during the quarter, compared to the consensus estimate of $281.09 million. The company’s revenue for the quarter was up 78.1% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. Equities analysts forecast that Triton International Limited will post $2.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend was Wednesday, August 30th.
In related news, VP Michelle Gallagher sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $34.68, for a total value of $69,360.00. Following the sale, the vice president now directly owns 25,158 shares in the company, valued at approximately $872,479.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
A number of institutional investors and hedge funds have recently bought and sold shares of TRTN. Karp Capital Management Corp acquired a new stake in Triton International Limited in the 1st quarter valued at approximately $221,000. Pillar Pacific Capital Management LLC acquired a new stake in Triton International Limited in the 2nd quarter valued at approximately $301,000. Tudor Investment Corp ET AL acquired a new stake in Triton International Limited in the 1st quarter valued at approximately $329,000. UBS Asset Management Americas Inc. increased its position in Triton International Limited by 60.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock valued at $558,000 after acquiring an additional 6,291 shares during the period. Finally, American International Group Inc. increased its position in Triton International Limited by 27.5% in the 1st quarter. American International Group Inc. now owns 24,303 shares of the company’s stock valued at $627,000 after acquiring an additional 5,245 shares during the period.
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