BidaskClub Upgrades Triton International Limited (TRTN) to Strong-Buy

Triton International Limited (NASDAQ:TRTN) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $35.00 price objective on shares of Triton International Limited in a report on Thursday, August 10th. Cowen and Company reissued a “buy” rating and issued a $44.00 price objective (up from $40.00) 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 objective (up from $35.00) on shares of Triton International Limited in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered Triton International Limited from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $37.50.

Shares of Triton International Limited (NASDAQ TRTN) opened at 37.90 on Wednesday. Triton International Limited has a 12-month low of $11.50 and a 12-month high of $38.49. The firm has a market capitalization of $2.82 billion and a PE ratio of 53.46. The stock has a 50 day moving average price of $34.37 and a 200 day moving average price of $32.38.

Triton International Limited (NASDAQ:TRTN) last posted its earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The company had revenue of $281.90 million for the quarter, compared to the consensus estimate of $281.09 million. During the same period last year, the company posted $0.88 earnings per share. The firm’s revenue for the quarter was up 78.1% compared to the same quarter last year. Analysts predict that Triton International Limited will post $2.57 EPS for the current fiscal year.

WARNING: “BidaskClub Upgrades Triton International Limited (TRTN) to Strong-Buy” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://sportsperspectives.com/2017/10/20/bidaskclub-upgrades-triton-international-limited-trtn-to-strong-buy.html.

In other Triton International Limited news, VP Michelle Gallagher sold 2,000 shares of the company’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 completion of the sale, the vice president now directly owns 25,158 shares in the company, valued at $872,479.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several large investors have recently made changes to their positions in TRTN. Russell Investments Group Ltd. lifted its position in shares of Triton International Limited by 159.8% during the 1st quarter. Russell Investments Group Ltd. now owns 27,537 shares of the company’s stock valued at $711,000 after acquiring an additional 16,937 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Triton International Limited by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 244,857 shares of the company’s stock valued at $6,316,000 after acquiring an additional 3,096 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Triton International Limited during the 1st quarter valued at $221,000. American International Group Inc. lifted its position in shares of Triton International Limited by 27.5% during 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 last quarter. Finally, Teachers Advisors LLC lifted its position in shares of Triton International Limited by 391.6% during the 1st quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock valued at $12,352,000 after acquiring an additional 381,523 shares during the last quarter.

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

Receive News & Ratings for Triton International Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triton International Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply