Triton International Limited (TRTN) Lowered to Buy at BidaskClub

BidaskClub cut shares of Triton International Limited (NASDAQ:TRTN) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Triton International Limited from a hold rating to a buy rating and set a $40.00 price objective on the stock in a report on Thursday, July 27th. Cowen and Company reissued an outperform rating and issued a $44.00 price objective on shares of Triton International Limited in a report on Monday, September 11th. Wells Fargo & Company increased their price objective on Triton International Limited from $39.00 to $42.00 and gave the company an outperform rating in a report on Friday, October 20th. 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. 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 report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Triton International Limited presently has an average rating of Buy and an average target price of $39.50.

Triton International Limited (NASDAQ:TRTN) traded down 0.55% during midday trading on Tuesday, hitting $39.68. The company’s stock had a trading volume of 65,748 shares. The company has a market cap of $2.96 billion and a price-to-earnings ratio of 55.97. Triton International Limited has a one year low of $11.50 and a one year high of $41.29. The company’s 50-day moving average is $35.31 and its 200 day moving average is $33.12.

Triton International Limited (NASDAQ:TRTN) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $281.90 million during the quarter, compared to analyst estimates of $281.09 million. The firm’s revenue for the quarter was up 78.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. On average, analysts predict that Triton International Limited will post $2.57 EPS for the current year.

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

A number of institutional investors have recently bought and sold shares of TRTN. Karp Capital Management Corp acquired a new stake in Triton International Limited during the first quarter worth about $221,000. Pillar Pacific Capital Management LLC acquired a new stake in Triton International Limited in the second quarter valued at approximately $301,000. Tudor Investment Corp ET AL acquired a new stake in Triton International Limited in the first quarter valued at approximately $329,000. Quotient Investors LLC acquired a new stake in Triton International Limited in the third quarter valued at approximately $445,000. Finally, UBS Asset Management Americas Inc. grew its holdings in Triton International Limited by 60.5% in the second quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock valued at $558,000 after purchasing an additional 6,291 shares during the period.

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