SunTrust Banks, Inc. Boosts Triton International Limited (TRTN) Price Target to $50.00
Triton International Limited (NYSE:TRTN) had its price objective boosted by SunTrust Banks, Inc. from $40.00 to $50.00 in a report released on Monday, The Fly reports. They currently have a buy rating on the stock. The analysts noted that the move was a valuation call.
Several other research firms have also recently commented on TRTN. BidaskClub cut Triton International Limited from a strong-buy rating to a buy rating in a report on Tuesday, September 12th. Cowen and Company reaffirmed a buy rating and issued a $44.00 price target (up previously from $40.00) on shares of Triton International Limited in a report on Thursday, August 10th. Zacks Investment Research upgraded Triton International Limited from a hold rating to a buy rating and set a $40.00 price objective on the stock in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $35.00 price objective on shares of Triton International Limited in a research note on Thursday, August 10th. Finally, Wells Fargo & Company upped their price objective on Triton International Limited from $39.00 to $42.00 and gave the company an outperform rating in a research note on Friday, October 20th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $44.00.
Triton International Limited (NYSE:TRTN) traded down $0.84 during trading on Monday, reaching $39.69. The company’s stock had a trading volume of 360,600 shares, compared to its average volume of 438,855. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $3,270.24, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.97 and a beta of 2.74. Triton International Limited has a 12-month low of $15.69 and a 12-month high of $43.85.
Triton International Limited (NYSE:TRTN) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $302.10 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.2% on a year-over-year basis. sell-side analysts expect that Triton International Limited will post 2.75 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a yield of 4.54%. Triton International Limited’s dividend payout ratio (DPR) is presently 83.72%.
In related news, VP Michelle Gallagher sold 1,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the vice president now directly owns 23,158 shares in the company, valued at approximately $926,320. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Argent Capital Management LLC boosted its position in Triton International Limited by 8.5% in the 3rd quarter. Argent Capital Management LLC now owns 83,620 shares of the company’s stock valued at $2,783,000 after buying an additional 6,545 shares during the last quarter. American International Group Inc. boosted its position in Triton International Limited by 8.1% in the 3rd quarter. American International Group Inc. now owns 29,130 shares of the company’s stock valued at $969,000 after buying an additional 2,178 shares during the last quarter. Systematic Financial Management LP lifted its stake 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 valued at $11,878,000 after purchasing an additional 302,589 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Triton International Limited by 10.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 881,693 shares of the company’s stock valued at $29,343,000 after purchasing an additional 80,998 shares during the period. Finally, 361 Capital LLC acquired a new position in shares of Triton International Limited in the 3rd quarter valued at $2,167,000. Hedge funds and other institutional investors own 58.38% of the company’s stock.
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