BidaskClub Lowers Triton International Limited (TRTN) to Buy

Triton International Limited (NASDAQ:TRTN) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Several other brokerages have also commented on TRTN. SunTrust Banks, Inc. restated a “buy” rating and set a $40.00 target price (up from $35.00) on shares of Triton International Limited in a research report on Thursday, August 10th. Cowen and Company restated a “buy” rating and set a $44.00 target price (up from $40.00) on shares of Triton International Limited in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Thursday, July 27th. Bank of America Corporation restated a “buy” rating and set a $36.00 target price (up from $32.00) on shares of Triton International Limited in a research report on Monday, May 15th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $35.00 target price on shares of Triton International Limited in a research report on Thursday, August 10th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $37.50.

Triton International Limited (TRTN) opened at 32.85 on Tuesday. The stock has a market capitalization of $2.45 billion and a P/E ratio of 46.33. The firm’s 50-day moving average is $35.67 and its 200 day moving average is $30.49. Triton International Limited has a 12-month low of $11.50 and a 12-month high of $38.19.

Triton International Limited (NASDAQ:TRTN) last issued its earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $281.90 million for the quarter, compared to analysts’ expectations of $281.09 million. Triton International Limited’s revenue for the quarter was up 78.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Equities analysts expect that Triton International Limited will post $2.63 EPS for the current year.

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In other Triton International Limited news, insider Kevin Valentine sold 2,000 shares of the business’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $35.00, for a total transaction of $70,000.00. Following the sale, the insider now directly owns 61,705 shares in the company, valued at approximately $2,159,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Several institutional investors have recently added to or reduced their stakes in the stock. Foresters Investment Management Company Inc. boosted its position in shares of Triton International Limited by 11.4% in the 1st quarter. Foresters Investment Management Company Inc. now owns 1,290,800 shares of the company’s stock worth $33,290,000 after buying an additional 131,900 shares in the last quarter. State Street Corp boosted its position in shares of Triton International Limited by 8.6% in the 2nd quarter. State Street Corp now owns 814,650 shares of the company’s stock worth $27,244,000 after buying an additional 64,662 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Triton International Limited by 25.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 800,695 shares of the company’s stock worth $26,776,000 after buying an additional 160,814 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Triton International Limited by 391.6% in the 1st quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock worth $12,352,000 after buying an additional 381,523 shares in the last quarter. Finally, Kempen Capital Management N.V. purchased a new stake in shares of Triton International Limited in the 2nd quarter worth about $12,404,000.

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

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