Shares of Triton International Limited (NASDAQ:TRTN) have been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $37.00.

TRTN has been the subject of several analyst reports. SunTrust Banks, Inc. reissued a “buy” rating and set a $40.00 price target (up from $35.00) on shares of Triton International Limited in a report on Thursday, August 10th. BidaskClub cut shares of Triton International Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 12th. Cowen and Company reissued a “buy” rating and set a $44.00 price target (up from $40.00) on shares of Triton International Limited in a report on Thursday, August 10th. Zacks Investment Research raised shares of Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $35.00 price target on shares of Triton International Limited in a report on Thursday, August 10th.

In other Triton International Limited news, VP Michelle Gallagher sold 2,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $34.68, for a total transaction of $69,360.00. Following the transaction, the vice president now directly owns 25,158 shares in the company, valued at $872,479.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional investors and hedge funds have recently modified their holdings of the business. Karp Capital Management Corp acquired a new position in Triton International Limited during the first quarter worth about $221,000. Pillar Pacific Capital Management LLC acquired a new position in Triton International Limited during the second quarter worth about $301,000. Tudor Investment Corp ET AL acquired a new position in Triton International Limited during the first quarter worth about $329,000. UBS Asset Management Americas Inc. grew its position in Triton International Limited by 60.5% during the second quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock worth $558,000 after buying an additional 6,291 shares during the period. Finally, American International Group Inc. grew its position in Triton International Limited by 27.5% during the first quarter. American International Group Inc. now owns 24,303 shares of the company’s stock worth $627,000 after buying an additional 5,245 shares during the period.

Triton International Limited (NASDAQ TRTN) traded up 1.04% during midday trading on Friday, hitting $35.92. The stock had a trading volume of 448,637 shares. The stock has a market cap of $2.68 billion and a price-to-earnings ratio of 50.66. Triton International Limited has a 12 month low of $11.50 and a 12 month high of $38.19. The stock has a 50 day moving average of $34.28 and a 200 day moving average of $31.91.

Triton International Limited (NASDAQ:TRTN) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The firm had revenue of $281.90 million for the quarter, compared to analysts’ expectations of $281.09 million. The company’s revenue for the quarter was up 78.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. Analysts expect that Triton International Limited will post $2.57 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 1st were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.80 annualized dividend and a yield of 5.01%.

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About Triton International Limited

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

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