Triton International (NYSE:TRTN) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
TRTN has been the subject of a number of other research reports. BidaskClub lowered Triton International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research lowered Triton International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Wells Fargo & Company upped their price objective on Triton International from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. SunTrust Banks upped their price objective on Triton International from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. Finally, Cowen upped their price objective on Triton International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.00.
Triton International (NYSE TRTN) opened at $38.54 on Friday. The firm has a market capitalization of $3,190.00 and a PE ratio of 18.49. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.33 and a quick ratio of 1.33. Triton International has a one year low of $15.69 and a one year high of $43.85.
In related news, VP Michelle Gallagher sold 1,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of 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 available through this link. Also, Director Kenneth Hanau sold 10,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.31, for a total value of $403,100.00. Following the transaction, the director now directly owns 31,580 shares of the company’s stock, valued at $1,272,989.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,500 shares of company stock valued at $500,370. 1.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in TRTN. Quantbot Technologies LP bought a new position in Triton International during the third quarter valued at approximately $214,000. SG Americas Securities LLC bought a new position in Triton International during the third quarter valued at approximately $289,000. Pillar Pacific Capital Management LLC bought a new position in Triton International during the second quarter valued at approximately $301,000. Quotient Investors LLC bought a new stake in shares of Triton International in the 3rd quarter valued at approximately $445,000. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Triton International by 60.5% in the 2nd 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 last quarter. 63.36% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: “ValuEngine Downgrades Triton International (TRTN) to Hold” was originally published by Community Financial News and is owned by of Community Financial News. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.com-unik.info/2017/12/03/valuengine-downgrades-triton-international-trtn-to-hold.html.
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.