Triton International Limited (TRTN) Rating Lowered to Buy at BidaskClub

Triton International Limited (NYSE:TRTN) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Thursday, July 27th. SunTrust Banks, Inc. boosted their target price on shares of Triton International Limited from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. They noted that the move was a valuation call. Cowen and Company restated a “buy” rating and set a $44.00 target price (up from $40.00) on shares of Triton International Limited in a research report on Thursday, August 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $35.00 target price on shares of Triton International Limited in a research report on Thursday, August 10th. Finally, Wells Fargo & Company boosted their target price on shares of Triton International Limited from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Triton International Limited presently has an average rating of “Buy” and an average price target of $44.00.

Triton International Limited (NYSE TRTN) opened at $40.53 on Wednesday. Triton International Limited has a 1 year low of $15.69 and a 1 year high of $43.85.

Triton International Limited (NYSE:TRTN) last posted its earnings results on Wednesday, November 8th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $302.10 million for the quarter, compared to analyst estimates of $301.71 million. The business’s revenue was up 7.2% compared to the same quarter last year.

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In other Triton International Limited news, VP Michelle Gallagher sold 1,000 shares of Triton International Limited stock in a transaction on Friday, October 20th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the transaction, the vice president now owns 23,158 shares of the company’s stock, valued at $926,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRTN. Quantbot Technologies LP purchased a new position in Triton International Limited in the third quarter valued at $214,000. SG Americas Securities LLC purchased a new position in Triton International Limited in the third quarter valued at $289,000. Pillar Pacific Capital Management LLC purchased a new position in Triton International Limited in the second quarter valued at $301,000. Tudor Investment Corp ET AL purchased a new position in Triton International Limited in the first quarter valued at $329,000. Finally, Quotient Investors LLC purchased a new position in Triton International Limited in the third quarter valued at $445,000.

Analyst Recommendations for Triton International Limited (NYSE:TRTN)

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