Brokerages Set Triton International Limited (TRTN) Target Price at $39.40
Triton International Limited (NASDAQ:TRTN) has earned an average recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $39.40.
Several analysts recently weighed in on TRTN shares. Zacks Investment Research downgraded shares of Triton International Limited from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Cowen and Company reiterated an “outperform” rating and issued a $44.00 target price on shares of Triton International Limited in a report on Monday, September 11th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $40.00 price target (up previously from $35.00) on shares of Triton International Limited in a research report on Thursday, August 10th. Wells Fargo & Company raised their price target on shares of Triton International Limited from $39.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, BidaskClub raised shares of Triton International Limited from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 18th.
Triton International Limited (NASDAQ TRTN) traded up $0.12 during trading on Thursday, reaching $41.27. 285,912 shares of the company traded hands, compared to its average volume of 467,367. Triton International Limited has a 12-month low of $11.83 and a 12-month high of $41.43.
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, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The company had revenue of $281.90 million during the quarter, compared to analyst estimates of $281.09 million. During the same quarter last year, the business posted $0.88 EPS. The firm’s revenue for the quarter was up 78.1% on a year-over-year basis.
In other Triton International Limited news, VP Michelle Gallagher sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $34.68, for a total value of $69,360.00. Following the completion of the transaction, the vice president now owns 25,158 shares of the company’s stock, valued at approximately $872,479.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
A number of hedge funds have recently modified their holdings of the business. State Street Corp boosted its position in Triton International Limited by 8.6% in the 2nd quarter. State Street Corp now owns 814,650 shares of the company’s stock valued at $27,244,000 after buying an additional 64,662 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Triton International Limited by 25.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 800,695 shares of the company’s stock worth $26,776,000 after purchasing an additional 160,814 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Triton International Limited by 391.6% during the 1st quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock worth $12,352,000 after purchasing an additional 381,523 shares during the last quarter. Kempen Capital Management N.V. purchased a new stake in shares of Triton International Limited during the 2nd quarter worth $12,404,000. Finally, Peregrine Capital Management LLC lifted its position in shares of Triton International Limited by 2.1% during the 3rd quarter. Peregrine Capital Management LLC now owns 324,512 shares of the company’s stock worth $10,800,000 after purchasing an additional 6,616 shares during the last quarter.
Triton International Limited Company Profile
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