Wells Fargo & Company Increases Triton International Limited (TRTN) Price Target to $45.00

Triton International Limited (NYSE:TRTN) had its target price hoisted by stock analysts at Wells Fargo & Company from $42.00 to $45.00 in a report issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Wells Fargo & Company’s price target suggests a potential upside of 13.38% from the stock’s current price.

A number of other analysts have also commented on the company. Zacks Investment Research raised Triton International Limited from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday. SunTrust Banks, Inc. increased their price objective on Triton International Limited from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Cowen and Company increased their price objective on Triton International Limited from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, BidaskClub raised Triton International Limited from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Triton International Limited presently has a consensus rating of “Buy” and an average price target of $44.00.

Triton International Limited (TRTN) traded down $0.84 on Tuesday, hitting $39.69. The company had a trading volume of 360,600 shares, compared to its average volume of 438,855. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 3.70. The firm has a market capitalization of $3,200.00 and a price-to-earnings ratio of 18.94. Triton International Limited has a fifty-two week low of $15.69 and a fifty-two week high of $43.85.

Triton International Limited (NYSE:TRTN) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $302.10 million for the quarter, compared to analyst estimates of $301.71 million. Triton International Limited had a return on equity of 8.76% and a net margin of 14.44%. The company’s revenue was up 7.2% on a year-over-year basis. research analysts forecast that Triton International Limited will post 2.75 earnings per share for the current fiscal year.

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In other Triton International Limited news, VP Michelle Gallagher sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the sale, the vice president now directly owns 23,158 shares of the company’s stock, valued at approximately $926,320. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its stake in Triton International Limited 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 buying an additional 80,998 shares during the last quarter. State Street Corp raised its holdings 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 purchasing an additional 64,662 shares during the period. Teachers Advisors LLC raised its holdings 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 purchasing an additional 381,523 shares during the period. Kempen Capital Management N.V. purchased a new position in shares of Triton International Limited in the 2nd quarter worth about $12,404,000. Finally, Systematic Financial Management LP raised its holdings in shares of Triton International Limited by 557.1% in the 3rd quarter. Systematic Financial Management LP now owns 356,904 shares of the company’s stock worth $11,878,000 after purchasing an additional 302,589 shares during the period. 58.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Recommendations for Triton International Limited (NYSE:TRTN)

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