The Triton International Limited (TRTN) Receives “Outperform” Rating from Cowen and Company

The Triton International Limited (TRTN) Receives “Outperform” Rating from Cowen and Company

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Triton International Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 18th. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 price target on shares of Triton International Limited in a report on Friday, May 12th. SunTrust Banks, Inc. upped their target price on Triton International Limited to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 25th. Bank of America Corp restated a “buy” rating and issued a $36.00 price objective (up previously from $32.00) on shares of Triton International Limited in a research note on Monday, May 15th. Finally, Wells Fargo & Co began coverage on Triton International Limited in a research note on Monday, February 13th. They issued an “outperform” rating and a $30.00 price objective for the company. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $33.17.

Triton International Limited (NASDAQ:TRTN)‘s stock had its “outperform” rating reissued by analysts at Cowen and Company in a research note issued to investors on Monday, May 15th. They presently have a $40.00 target price on the stock. Cowen and Company’s price target points to a potential upside of 34.63% from the company’s previous close.

Triton International Limited (TRTN) opened at 29.71 on Monday. The firm has a 50-day moving average of $28.62 and a 200-day moving average of $23.79. Triton International Limited has a one year low of $11.50 and a one year high of $31.97.

Triton International Limited (NASDAQ:TRTN) last released its quarterly earnings results on Tuesday, March 14th. The company reported $0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The firm had revenue of $259.50 million for the quarter, compared to the consensus estimate of $251.91 million. The business’s quarterly revenue was up 50.0% compared to the same quarter last year. Equities analysts predict that Triton International Limited will post $2.46 EPS for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 1st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, May 30th. This represents a $1.80 annualized dividend and a dividend yield of 6.06%.

Triton International Limited (NASDAQ:TRTN) last released its quarterly earnings results on Tuesday, March 14th. The company reported $0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The firm had revenue of $259.50 million for the quarter, compared to the consensus estimate of $251.91 million. The business’s quarterly revenue was up 50.0% compared to the same quarter last year. Equities analysts predict that Triton International Limited will post $2.46 EPS for the current fiscal year. In other Triton International Limited news, insider Kevin Valentine sold 2,000 shares of Triton International Limited stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $27.49, for a total transaction of $54,980.00. Following the completion of the transaction, the insider now owns 69,705 shares in the company, valued at $1,916,190.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Burns sold 26,300 shares of the business’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $30.02, for a total value of $789,526.00. Following the completion of the transaction, the chief financial officer now owns 121,126 shares of the company’s stock, valued at approximately $3,636,202.52. The disclosure for this sale can be found here. Insiders have sold 62,300 shares of company stock worth $1,860,706 over the last 90 days.

A number of hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new stake in Triton International Limited during the third quarter worth approximately $1,162,000. Foresters Investment Management Company Inc. boosted its stake in Triton International Limited by 5.4% in the fourth quarter. Foresters Investment Management Company Inc. now owns 1,158,900 shares of the company’s stock worth $19,875,000 after buying an additional 59,390 shares during the period. Norges Bank bought a new stake in Triton International Limited during the fourth quarter valued at about $2,883,000. Advisory Services Network LLC bought a new stake in Triton International Limited during the first quarter valued at about $1,067,000. Finally, Camelot Portfolios LLC raised its stake in Triton International Limited by 22.4% in the first quarter. Camelot Portfolios LLC now owns 68,809 shares of the company’s stock valued at $1,775,000 after buying an additional 12,592 shares in the last quarter. new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TRTN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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