Triton International Limited (NASDAQ:TRTN) Rating Reiterated by SunTrust Banks, Inc.
Triton International Limited (NASDAQ:TRTN)‘s stock had its “buy” rating restated by investment analysts at SunTrust Banks, Inc. in a report issued on Thursday. They presently have a $40.00 price objective on the stock, up from their previous price objective of $35.00. SunTrust Banks, Inc.’s target price would suggest a potential upside of 12.04% from the stock’s current price. SunTrust Banks also issued estimates for Triton International Limited’s Q4 2017 earnings at $0.78 EPS, FY2017 earnings at $2.64 EPS, Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $0.97 EPS and FY2018 earnings at $3.59 EPS.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded 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 research report on Thursday, July 27th. Bank of America Corporation reissued a “buy” rating and issued a $36.00 target price (up previously from $32.00) on shares of Triton International Limited in a research note on Monday, May 15th. Cowen and Company reissued a “buy” rating and issued a $44.00 target price (up previously from $40.00) on shares of Triton International Limited in a research note on Thursday. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $35.00 target price on shares of Triton International Limited in a research note on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $37.50.
Shares of Triton International Limited (NASDAQ:TRTN) traded down 2.4221% during trading on Thursday, reaching $34.8353. 203,834 shares of the company were exchanged. Triton International Limited has a 1-year low of $11.50 and a 1-year high of $37.82. The stock’s 50 day moving average is $34.53 and its 200 day moving average is $28.79.
Triton International Limited (NASDAQ:TRTN) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The business had revenue of $281.90 million for the quarter, compared to the consensus estimate of $281.09 million. During the same quarter last year, the business earned $0.88 EPS. Triton International Limited’s revenue for the quarter was up 78.1% compared to the same quarter last year. On average, analysts anticipate that Triton International Limited will post $2.57 EPS for the current fiscal year.
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In other Triton International Limited news, Director Robert W. Alspaugh sold 5,525 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $29.91, for a total transaction of $165,252.75. Following the transaction, the director now directly owns 28,487 shares in the company, valued at approximately $852,046.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kevin Valentine sold 2,000 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $35.00, for a total transaction of $70,000.00. Following the transaction, the insider now owns 61,705 shares in the company, valued at $2,159,675. The disclosure for this sale can be found here. Insiders sold a total of 15,525 shares of company stock worth $470,233 in the last ninety days.
A number of hedge funds and other institutional investors have recently modified their holdings of TRTN. Ameriprise Financial Inc. acquired a new position in shares of Triton International Limited during the first quarter valued at about $16,504,000. Karp Capital Management Corp acquired a new position in shares of Triton International Limited during the first quarter valued at about $221,000. Bank of New York Mellon Corp boosted its position in shares of Triton International Limited by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 244,857 shares of the company’s stock valued at $6,316,000 after buying an additional 3,096 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Triton International Limited during the first quarter valued at about $1,067,000. Finally, Camelot Portfolios LLC boosted its position in shares of 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 during the last quarter.
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