BidaskClub upgraded shares of Triton International Limited (NASDAQ:TRTN) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.
TRTN has been the topic of several other reports. Zacks Investment Research downgraded Triton International Limited from a strong-buy rating to a hold rating in a research report on Wednesday, October 11th. Cowen and Company reiterated an outperform rating and set a $44.00 target price on shares of Triton International Limited in a research report on Monday, September 11th. SunTrust Banks, Inc. reiterated a buy rating and set a $40.00 target price (up from $35.00) on shares of Triton International Limited in a research report on Thursday, August 10th. Wells Fargo & Company lifted their target price on Triton International Limited from $39.00 to $42.00 and gave the company an outperform rating in a research report on Friday, October 20th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and set a $35.00 target price on shares of Triton International Limited in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $39.50.
Triton International Limited (TRTN) traded down $0.03 during midday trading on Tuesday, reaching $41.26. The company had a trading volume of 512,062 shares, compared to its average volume of 467,367. Triton International Limited has a 12 month low of $11.83 and a 12 month high of $41.43.
Triton International Limited (NASDAQ:TRTN) last released its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share 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 analysts’ expectations of $281.09 million. Triton International Limited’s revenue for the quarter was up 78.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share.
In other news, VP Michelle Gallagher sold 1,000 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the transaction, the vice president now directly owns 23,158 shares in the company, valued at $926,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Triton International Limited in the third quarter valued at about $214,000. SG Americas Securities LLC purchased a new stake in shares of Triton International Limited in the third quarter worth about $289,000. Pillar Pacific Capital Management LLC purchased a new stake in shares of Triton International Limited in the second quarter worth about $301,000. Tudor Investment Corp ET AL purchased a new stake in shares of Triton International Limited in the first quarter worth about $329,000. Finally, Quotient Investors LLC purchased a new stake in shares of Triton International Limited in the third quarter worth about $445,000.
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