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.
ILLEGAL ACTIVITY NOTICE: This article was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.com-unik.info/2017/11/01/triton-international-limited-trtn-lowered-to-buy-at-bidaskclub.html.
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.
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.