Cowen and Company restated their outperform rating on shares of Triton International Limited (NASDAQ:TRTN) in a research note published on Monday. Cowen and Company currently has a $44.00 price objective on the stock.

A number of other brokerages have also recently commented on TRTN. Zacks Investment Research raised shares of Triton International Limited from a hold rating to a buy rating and set a $40.00 price target on the stock in a research report on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $35.00 price target on shares of Triton International Limited in a research report on Thursday, August 10th. SunTrust Banks, Inc. reaffirmed a buy rating and set a $40.00 price target (up previously from $35.00) on shares of Triton International Limited in a research report on Thursday, August 10th. Finally, Bank of America Corporation reaffirmed a buy rating and set a $36.00 price target (up previously from $32.00) on shares of Triton International Limited in a research report on Monday, May 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $37.50.

Shares of Triton International Limited (TRTN) opened at 33.10 on Monday. The company’s 50-day moving average price is $35.67 and its 200 day moving average price is $30.49. The firm has a market cap of $2.47 billion and a P/E ratio of 46.69. Triton International Limited has a 52 week low of $11.50 and a 52 week high of $38.19.

Triton International Limited (NASDAQ:TRTN) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The firm had revenue of $281.90 million for the quarter, compared to the consensus estimate of $281.09 million. The business’s revenue was up 78.1% compared to the same quarter last year. During the same period last year, the company posted $0.88 EPS. On average, equities analysts anticipate that Triton International Limited will post $2.63 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 5.48%.

In other Triton International Limited news, insider Kevin Valentine sold 2,000 shares of the company’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 owns 61,705 shares of the company’s stock, valued at $2,159,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several hedge funds and other institutional investors have recently made changes to their positions in TRTN. Teachers Advisors LLC raised its holdings in shares of Triton International Limited by 31.0% during the fourth quarter. Teachers Advisors LLC now owns 97,419 shares of the company’s stock valued at $1,539,000 after purchasing an additional 23,047 shares during the period. Nisa Investment Advisors LLC acquired a new position in shares of Triton International Limited during the first quarter valued at about $366,000. Russell Investments Group Ltd. raised its holdings in shares of Triton International Limited by 159.8% during the first quarter. Russell Investments Group Ltd. now owns 27,537 shares of the company’s stock valued at $711,000 after purchasing an additional 16,937 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Triton International Limited by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 244,857 shares of the company’s stock valued at $6,316,000 after purchasing an additional 3,096 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of Triton International Limited during the first quarter valued at about $221,000.

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

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