Triton International Limited (NASDAQ:TRTN) has been assigned a consensus rating of “Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $39.40.
TRTN has been the topic of a number of recent analyst reports. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $40.00 target price (up previously from $35.00) on shares of Triton International Limited in a research report on Thursday, August 10th. BidaskClub cut Triton International Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 12th. Cowen and Company restated a “buy” rating and set a $44.00 price target (up from $40.00) on shares of Triton International Limited in a report on Thursday, August 10th. Zacks Investment Research upgraded Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $35.00 price target on shares of Triton International Limited in a report on Thursday, August 10th.
Triton International Limited (NASDAQ:TRTN) last posted its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The firm had revenue of $281.90 million for the quarter, compared to analyst estimates of $281.09 million. The firm’s quarterly revenue was up 78.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS.
In related news, VP Michelle Gallagher sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $34.68, for a total value of $69,360.00. Following the sale, the vice president now directly owns 25,158 shares in the company, valued at $872,479.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of institutional investors and hedge funds have recently modified their holdings of TRTN. Bank of New York Mellon Corp lifted its stake in Triton International Limited by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 244,857 shares of the company’s stock valued at $6,316,000 after buying an additional 3,096 shares during the period. Karp Capital Management Corp acquired a new position in Triton International Limited in the first quarter valued at approximately $221,000. American International Group Inc. lifted its stake in Triton International Limited by 27.5% in the first quarter. American International Group Inc. now owns 24,303 shares of the company’s stock valued at $627,000 after buying an additional 5,245 shares during the period. Teachers Advisors LLC lifted its stake in Triton International Limited by 391.6% in the first quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock valued at $12,352,000 after buying an additional 381,523 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Triton International Limited by 7.6% in the first quarter. Geode Capital Management LLC now owns 266,692 shares of the company’s stock valued at $6,877,000 after buying an additional 18,778 shares during the period.
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Triton International Limited Company Profile
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