Triton International Limited (NASDAQ:TRTN) has been given an average recommendation of “Buy” by the six research firms that are covering the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $29.50.
TRTN has been the topic of a number of research analyst reports. SunTrust Banks, Inc. increased their price objective on shares of Triton International Limited from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, April 7th. Zacks Investment Research cut shares of Triton International Limited from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 17th. Cowen and Company upped their target price on shares of Triton International Limited from $23.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $28.00 target price on shares of Triton International Limited in a report on Friday, March 17th. Finally, Wells Fargo & Co initiated coverage on shares of Triton International Limited in a report on Monday, February 13th. They issued an “outperform” rating and a $30.00 target price on the stock. They noted that the move was a valuation call.
Several large investors have recently bought and sold shares of TRTN. Vestar Capital Partners acquired a new stake in Triton International Limited during the third quarter worth $140,876,000. LSV Asset Management acquired a new stake in Triton International Limited during the third quarter worth $22,140,000. Peregrine Capital Management LLC acquired a new stake in Triton International Limited during the first quarter worth $8,059,000. Boston Advisors LLC acquired a new stake in Triton International Limited during the first quarter worth $4,795,000. Finally, Norges Bank acquired a new stake in Triton International Limited during the fourth quarter worth $2,883,000.
Triton International Limited (NASDAQ:TRTN) traded up 7.50% on Monday, hitting $28.81. The stock had a trading volume of 801,628 shares. Triton International Limited has a 12-month low of $11.50 and a 12-month high of $29.15. The company has a 50 day moving average of $25.21 and a 200 day moving average of $20.28.
Triton International Limited (NASDAQ:TRTN) last released its quarterly earnings data on Tuesday, March 14th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.21. The company had revenue of $259.50 million for the quarter, compared to the consensus estimate of $251.91 million. Triton International Limited’s revenue was up 50.0% on a year-over-year basis. On average, analysts predict that Triton International Limited will post $1.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 30th. Investors of record on Monday, March 20th were issued a $0.45 dividend. The ex-dividend date was Thursday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.25%.
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About Triton International Limited
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