Triton International (TRTN) Stock Rating Upgraded by Zacks Investment Research
Triton International (NASDAQ:TRTN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Triton International Limited offers acquisition, leasing, re-leasing, and sale of intermodal containers. The company’s leasing equipment consists of Dry Freight Containers, Refrigerated Containers, Special Containers, Tank Containers and Chassis. Triton International Limited, formerly known as TAL International Group, Inc., is based in Hamilton, Bermuda. “
Several other research analysts also recently weighed in on TRTN. Bank of America Corp. downgraded shares of Triton International from a “neutral” rating to an “underperform” rating and set a $12.00 target price for the company. in a research note on Tuesday, August 9th. Cowen and Company initiated coverage on shares of Triton International in a research note on Wednesday, July 13th. They issued a “market perform” rating and a $17.00 target price for the company.
Shares of Triton International (NASDAQ:TRTN) opened at 12.75 on Tuesday. Triton International has a 12 month low of $8.15 and a 12 month high of $20.90. The stock’s 50 day moving average is $13.61 and its 200 day moving average is $14.75.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, September 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 14.12%. The ex-dividend date was Tuesday, September 6th.
A hedge fund recently bought a new stake in Triton International stock. Nisa Investment Advisors LLC purchased a new stake in shares of Triton International (NASDAQ:TRTN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,300 shares of the company’s stock, valued at approximately $255,000.
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