Triton International Limited (TRTN) Lifted to Buy at BidaskClub
Triton International Limited (NASDAQ:TRTN) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.
TRTN has been the subject of a number of other reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $35.00 price objective on shares of Triton International Limited in a report on Thursday, August 10th. Cowen and Company reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Triton International Limited in a report on Monday, June 19th. Zacks Investment Research lowered shares of Triton International Limited from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $40.00 price objective (up from $35.00) on shares of Triton International Limited in a report on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $37.50.
Triton International Limited (NASDAQ TRTN) opened at 34.64 on Thursday. Triton International Limited has a 1-year low of $11.50 and a 1-year high of $38.19. The stock has a market cap of $2.58 billion and a PE ratio of 48.86. The firm has a 50-day moving average of $34.12 and a 200-day moving average of $31.52.
Triton International Limited (NASDAQ:TRTN) last released its earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $281.90 million for the quarter, compared to the consensus estimate of $281.09 million. During the same quarter in the previous year, the business posted $0.88 EPS. Triton International Limited’s revenue was up 78.1% on a year-over-year basis. Analysts expect that Triton International Limited will post $2.57 EPS for the current fiscal year.
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In other Triton International Limited news, VP Michelle Gallagher sold 2,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $34.68, for a total transaction of $69,360.00. Following the completion of the sale, the vice president now directly owns 25,158 shares of the company’s stock, valued at approximately $872,479.44. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of institutional investors and hedge funds have recently made changes to their positions in TRTN. Karp Capital Management Corp purchased a new stake in Triton International Limited during the 1st quarter valued at approximately $221,000. Pillar Pacific Capital Management LLC purchased a new position in shares of Triton International Limited in the second quarter valued at $301,000. Tudor Investment Corp ET AL purchased a new position in shares of Triton International Limited in the first quarter valued at $329,000. UBS Asset Management Americas Inc. grew its holdings in shares of 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 in the last quarter. Finally, American International Group Inc. grew its holdings in shares of 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 purchasing an additional 5,245 shares in the last quarter.
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