Triton International Limited (NASDAQ:TRTN) Rating Reiterated by SunTrust Banks, Inc.

SunTrust Banks, Inc. reiterated their buy rating on shares of Triton International Limited (NASDAQ:TRTN) in a research note published on Thursday morning. The firm currently has a $40.00 target price on the stock, up from their previous target price of $35.00. SunTrust Banks also issued estimates for Triton International Limited’s Q4 2017 earnings at $0.78 EPS, FY2017 earnings at $2.64 EPS, Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $0.97 EPS and FY2018 earnings at $3.59 EPS.

TRTN has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Triton International Limited from a strong-buy rating to a hold rating in a research report on Tuesday, April 18th. Keefe, Bruyette & Woods reissued a hold rating and issued a $28.00 price objective on shares of Triton International Limited in a research report on Friday, May 12th. Bank of America Corporation reissued a buy rating and issued a $36.00 price objective (up previously from $32.00) on shares of Triton International Limited in a research report on Monday, May 15th. Finally, Cowen and Company reissued an outperform rating and issued a $40.00 price objective on shares of Triton International Limited in a research report on Monday, May 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $37.50.

Triton International Limited (NASDAQ TRTN) opened at 33.92 on Thursday. Triton International Limited has a 1-year low of $11.50 and a 1-year high of $37.82. The firm has a 50-day moving average of $34.55 and a 200 day moving average of $28.93.

Triton International Limited (NASDAQ:TRTN) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The company had revenue of $281.90 million during the quarter, compared to the consensus estimate of $281.09 million. During the same period in the previous year, the firm posted $0.88 EPS. The business’s quarterly revenue was up 78.1% compared to the same quarter last year. Equities research analysts expect that Triton International Limited will post $2.57 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This story was published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.com-unik.info/2017/08/14/triton-international-limited-nasdaqtrtn-rating-reiterated-by-suntrust-banks-inc.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 5.31%.

In other Triton International Limited news, Director Robert W. Alspaugh sold 5,525 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $29.91, for a total value of $165,252.75. Following the transaction, the director now directly owns 28,487 shares in the company, valued at $852,046.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kevin Valentine sold 2,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $27.50, for a total transaction of $55,000.00. Following the completion of the transaction, the insider now owns 67,705 shares in the company, valued at $1,861,887.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,525 shares of company stock worth $470,233.

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Triton International Limited during the fourth quarter valued at approximately $172,000. Karp Capital Management Corp bought a new position in Triton International Limited during the first quarter valued at approximately $221,000. Pillar Pacific Capital Management LLC bought a new position in Triton International Limited during the second quarter valued at approximately $301,000. Tudor Investment Corp ET AL bought a new position in Triton International Limited during the first quarter valued at approximately $329,000. Finally, Nisa Investment Advisors LLC bought a new position in Triton International Limited during the first quarter valued at approximately $366,000.

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

What are top analysts saying about Triton International Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Triton International Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit