Brokerages Set Triton International Limited (TRTN) PT at $39.40

Shares of Triton International Limited (NASDAQ:TRTN) have been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $39.40.

A number of research analysts have weighed in on TRTN shares. BidaskClub cut shares of Triton International Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Thursday, July 27th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $40.00 price objective (up previously from $35.00) on shares of Triton International Limited in a report on Thursday, August 10th. Cowen and Company reaffirmed a “buy” rating and issued a $44.00 price objective (up previously from $40.00) on shares of Triton International Limited in a report on Thursday, August 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Triton International Limited in a report on Thursday, August 10th.

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In other news, VP Michelle Gallagher sold 1,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the vice president now owns 23,158 shares of the company’s stock, valued at $926,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. purchased a new stake in shares of Triton International Limited during the second quarter worth about $874,000. Rhumbline Advisers increased its stake in shares of Triton International Limited by 11.2% during the second quarter. Rhumbline Advisers now owns 51,835 shares of the company’s stock worth $1,733,000 after purchasing an additional 5,212 shares in the last quarter. Argent Capital Management LLC purchased a new stake in shares of Triton International Limited during the second quarter worth about $2,577,000. Kempen Capital Management N.V. purchased a new stake in shares of Triton International Limited during the second quarter worth about $12,404,000. Finally, Systematic Financial Management LP purchased a new stake in shares of Triton International Limited during the second quarter worth about $1,816,000.

Triton International Limited (NASDAQ:TRTN) traded up $1.07 on Thursday, reaching $40.84. 349,670 shares of the company’s stock were exchanged, compared to its average volume of 480,156. Triton International Limited has a one year low of $11.50 and a one year high of $41.29.

Triton International Limited (NASDAQ:TRTN) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $281.90 million during the quarter, compared to analysts’ expectations of $281.09 million. During the same period in the previous year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 78.1% on a year-over-year basis.

About Triton International Limited

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

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