Triton International (NYSE:TRTN) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other equities analysts also recently weighed in on the stock. BidaskClub upgraded shares of Triton International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Cowen increased their price target on shares of Triton International from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Triton International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, November 14th. Wells Fargo & Co upped their price objective on Triton International from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Finally, 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 report on Monday, November 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.00.

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Shares of Triton International (NYSE:TRTN) traded up $2.26 during trading hours on Friday, reaching $30.40. 1,180,000 shares of the company traded hands, compared to its average volume of 712,820. Triton International has a one year low of $21.77 and a one year high of $43.85. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 3.34. The firm has a market cap of $2,270.00 and a P/E ratio of 64.68.

Triton International (NYSE:TRTN) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Triton International had a net margin of 14.44% and a return on equity of 8.50%. The company had revenue of $313.90 million for the quarter, compared to the consensus estimate of $323.26 million. During the same quarter in the prior year, the company earned $0.21 EPS. Triton International’s quarterly revenue was up 21.0% on a year-over-year basis. research analysts anticipate that Triton International will post 2.75 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Boston Advisors LLC boosted its position in Triton International by 41.3% in the 4th quarter. Boston Advisors LLC now owns 278,066 shares of the company’s stock worth $10,414,000 after purchasing an additional 81,327 shares in the last quarter. Argent Capital Management LLC boosted its position in Triton International by 8.5% in the 3rd quarter. Argent Capital Management LLC now owns 83,620 shares of the company’s stock worth $2,783,000 after purchasing an additional 6,545 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in Triton International in the 4th quarter worth approximately $380,000. Ameriprise Financial Inc. boosted its position in Triton International by 10.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 881,693 shares of the company’s stock worth $29,343,000 after purchasing an additional 80,998 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Triton International in the 3rd quarter worth approximately $289,000. Institutional investors and hedge funds own 67.18% of the company’s stock.

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Triton International Company Profile

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry freight containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Triton International (NYSE:TRTN)

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