Triton International (TRTN) Receives Coverage Optimism Score of 0.04
Media stories about Triton International (NYSE:TRTN) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Triton International earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave headlines about the company an impact score of 44.6626888733999 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Triton International (TRTN) traded up $0.56 during trading hours on Wednesday, reaching $39.54. The company’s stock had a trading volume of 604,668 shares, compared to its average volume of 452,020. Triton International has a 52 week low of $15.69 and a 52 week high of $43.85. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 3.34. The stock has a market cap of $3,150.00 and a price-to-earnings ratio of 18.22.
Triton International (NYSE:TRTN) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Triton International had a return on equity of 8.50% and a net margin of 14.44%. The company had revenue of $302.10 million during the quarter, compared to analyst estimates of $301.71 million. Triton International’s revenue for the quarter was up 7.2% on a year-over-year basis. analysts anticipate that Triton International will post 2.75 earnings per share for the current year.
TRTN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Triton International from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, November 14th. SunTrust Banks lifted their price target on Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. BidaskClub lowered Triton International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. ValuEngine lowered Triton International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Wells Fargo & Company lifted their price target on Triton International from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Triton International has an average rating of “Buy” and a consensus target price of $44.00.
In other news, Director Kenneth Hanau sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $40.31, for a total value of $403,100.00. Following the completion of the sale, the director now directly owns 31,580 shares in the company, valued at $1,272,989.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Claude Germain sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $38.18, for a total value of $57,270.00. Following the completion of the sale, the director now owns 30,080 shares of the company’s stock, valued at $1,148,454.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,500 shares of company stock valued at $500,370. 1.50% of the stock is owned by company insiders.
About Triton International
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry freight containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.
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