ValuEngine upgraded shares of Triton International (NYSE:TRTN) from a strong sell rating to a sell rating in a report released on Friday morning.

Other research analysts have also recently issued reports about the stock. Compass Point initiated coverage on shares of Triton International in a report on Monday, April 23rd. They set a buy rating and a $37.00 price objective for the company. Zacks Investment Research upgraded shares of Triton International from a hold rating to a buy rating and set a $39.00 price objective for the company in a report on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Triton International currently has a consensus rating of Buy and an average price target of $43.83.

Shares of NYSE TRTN opened at $36.21 on Friday. The stock has a market cap of $2.91 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.83 and a beta of 2.94. Triton International has a 1 year low of $27.76 and a 1 year high of $43.85. The company has a quick ratio of 1.58, a current ratio of 1.37 and a debt-to-equity ratio of 3.12.

Triton International (NYSE:TRTN) last issued its quarterly earnings data on Friday, August 3rd. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.04. The firm had revenue of $329.80 million during the quarter, compared to analysts’ expectations of $330.49 million. Triton International had a net margin of 35.39% and a return on equity of 14.30%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. research analysts anticipate that Triton International will post 4.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Tuesday, September 4th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date is Friday, August 31st. Triton International’s payout ratio is currently 74.82%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. lifted its position in shares of Triton International by 144.6% during the first quarter. Stratos Wealth Partners LTD. now owns 4,525 shares of the company’s stock valued at $138,000 after purchasing an additional 2,675 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new stake in Triton International in the first quarter worth about $140,000. SG Americas Securities LLC bought a new stake in Triton International in the first quarter worth about $165,000. Victory Capital Management Inc. bought a new stake in Triton International in the first quarter worth about $165,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Triton International in the first quarter worth about $171,000. 65.79% of the stock is currently owned by institutional investors.

Triton International Company Profile

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment 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, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as manages containers owned by third parties.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Triton International (NYSE:TRTN)

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