Triton International Limited (TRTN) Given New $50.00 Price Target at Cowen and Company

Triton International Limited (NASDAQ:TRTN) had its target price lifted by Cowen and Company from $46.00 to $50.00 in a research note issued to investors on Friday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also weighed in on TRTN. BidaskClub raised shares of Triton International Limited from a buy rating to a strong-buy rating in a research report on Tuesday, November 7th. Wells Fargo & Company increased their price objective on shares of Triton International Limited from $39.00 to $42.00 and gave the stock an outperform rating in a research report on Friday, October 20th. Zacks Investment Research raised shares of Triton International Limited from a hold rating to a buy rating and set a $40.00 price objective on the stock in a research report on Thursday, July 27th. Keefe, Bruyette & Woods reissued a hold rating and issued a $35.00 price objective on shares of Triton International Limited in a research report on Thursday, August 10th. Finally, 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 research report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Triton International Limited presently has an average rating of Buy and an average target price of $42.17.

Shares of Triton International Limited (NASDAQ TRTN) opened at $41.54 on Friday. Triton International Limited has a 1 year low of $13.50 and a 1 year high of $43.85.

Triton International Limited (NASDAQ:TRTN) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.07. The firm had revenue of $302.10 million during the quarter, compared to analysts’ expectations of $301.71 million. Triton International Limited’s quarterly revenue was up 7.2% on a year-over-year basis.

ILLEGAL ACTIVITY WARNING: “Triton International Limited (TRTN) Given New $50.00 Price Target at Cowen and Company” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://sportsperspectives.com/2017/11/14/triton-international-limited-trtn-given-new-50-00-price-target-at-cowen-and-company.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, November 30th.

In other news, VP Michelle Gallagher sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the transaction, the vice president now directly owns 23,158 shares of the company’s stock, valued at $926,320. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Several large investors have recently modified their holdings of the company. American International Group Inc. increased its position in shares of Triton International Limited by 8.1% during the third quarter. American International Group Inc. now owns 29,130 shares of the company’s stock worth $969,000 after acquiring an additional 2,178 shares during the period. Systematic Financial Management LP increased its position in shares of Triton International Limited by 557.1% during the third quarter. Systematic Financial Management LP now owns 356,904 shares of the company’s stock worth $11,878,000 after acquiring an additional 302,589 shares during the period. Ameriprise Financial Inc. increased its position in shares of Triton International Limited by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 881,693 shares of the company’s stock worth $29,343,000 after acquiring an additional 80,998 shares during the period. 361 Capital LLC purchased a new position in shares of Triton International Limited during the third quarter worth approximately $2,167,000. Finally, SG Americas Securities LLC purchased a new position in shares of Triton International Limited during the third quarter worth approximately $289,000.

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