Triton International Limited (TRTN) Given “Buy” Rating at Cowen and Company
Triton International Limited (NASDAQ:TRTN)‘s stock had its “buy” rating reaffirmed by research analysts at Cowen and Company in a research note issued to investors on Thursday. They presently have a $44.00 price target on the stock. Cowen and Company’s price objective would suggest a potential upside of 23.25% from the stock’s current price.
TRTN has been the subject of several other research reports. Zacks Investment Research downgraded shares of Triton International Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.00 target price on shares of Triton International Limited in a report on Friday, May 12th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $36.00 target price (up previously from $32.00) on shares of Triton International Limited in a report on Monday, May 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $35.83.
Shares of Triton International Limited (TRTN) opened at 35.70 on Thursday. Triton International Limited has a 12 month low of $11.50 and a 12 month high of $37.82. The company has a 50 day moving average price of $34.53 and a 200-day moving average price of $28.79.
Triton International Limited (NASDAQ:TRTN) last issued its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The firm had revenue of $281.90 million during the quarter, compared to the consensus estimate of $281.09 million. The company’s quarterly revenue was up 78.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 EPS. On average, equities analysts expect that Triton International Limited will post $2.57 earnings per share for the current fiscal year.
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In other Triton International Limited news, Director Robert W. Alspaugh sold 5,525 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $29.91, for a total value of $165,252.75. Following the sale, the director now owns 28,487 shares in the company, valued at approximately $852,046.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin Valentine sold 2,000 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $27.50, for a total transaction of $55,000.00. Following the completion of the sale, the insider now owns 67,705 shares in the company, valued at approximately $1,861,887.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,525 shares of company stock worth $470,233.
Hedge funds have recently made changes to their positions in the company. Marshall Wace North America L.P. bought a new stake in shares of Triton International Limited during the second quarter valued at approximately $874,000. Dupont Capital Management Corp bought a new stake in shares of Triton International Limited during the second quarter valued at approximately $1,592,000. Rhumbline Advisers boosted its stake in shares of Triton International Limited by 11.2% in the second quarter. Rhumbline Advisers now owns 51,835 shares of the company’s stock valued at $1,733,000 after buying an additional 5,212 shares during the last quarter. Pillar Pacific Capital Management LLC bought a new stake in shares of Triton International Limited during the second quarter valued at approximately $301,000. Finally, Strs Ohio boosted its stake in shares of Triton International Limited by 150.0% in the second quarter. Strs Ohio now owns 29,500 shares of the company’s stock valued at $986,000 after buying an additional 17,700 shares during the last quarter.
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