Triton International Limited (TRTN) Receives $37.50 Consensus Target Price from Analysts
Shares of Triton International Limited (NASDAQ:TRTN) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $37.50.
TRTN has been the subject of a number of research analyst reports. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $40.00 target price (up from $35.00) on shares of Triton International Limited in a report on Thursday, August 10th. BidaskClub downgraded Triton International Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Cowen and Company reiterated a “buy” rating and issued a $44.00 target price (up from $40.00) on shares of Triton International Limited in a report on Thursday, August 10th. Zacks Investment Research upgraded Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $35.00 target price on shares of Triton International Limited in a report on Thursday, August 10th.
In other Triton International Limited news, VP Michelle Gallagher sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $34.68, for a total value of $69,360.00. Following the completion of the sale, the vice president now owns 25,158 shares of the company’s stock, valued at $872,479.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Institutional investors have recently made changes to their positions in the business. Karp Capital Management Corp acquired a new stake in Triton International Limited in the first quarter valued at approximately $221,000. Pillar Pacific Capital Management LLC acquired a new stake in Triton International Limited in the second quarter valued at approximately $301,000. Tudor Investment Corp ET AL acquired a new stake in Triton International Limited in the first quarter valued at approximately $329,000. Nisa Investment Advisors LLC acquired a new stake in Triton International Limited in the first quarter valued at approximately $366,000. Finally, UBS Asset Management Americas Inc. grew its stake in Triton International Limited by 60.5% in the second quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock valued at $558,000 after acquiring an additional 6,291 shares during the period.
Shares of Triton International Limited (TRTN) traded up 1.11% during trading on Wednesday, hitting $32.01. The company had a trading volume of 1,368,256 shares. Triton International Limited has a 12-month low of $11.50 and a 12-month high of $38.19. The stock has a 50-day moving average of $35.16 and a 200 day moving average of $30.62. The stock has a market capitalization of $2.39 billion and a price-to-earnings ratio of 45.15.
Triton International Limited (NASDAQ:TRTN) last issued its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The business had revenue of $281.90 million during the quarter, compared to the consensus estimate of $281.09 million. The company’s revenue for the quarter was up 78.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. On average, analysts predict that Triton International Limited will post $2.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a $0.45 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 5.62%.
TRADEMARK VIOLATION WARNING: This piece of content was posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/16/triton-international-limited-trtn-receives-37-50-consensus-target-price-from-analysts.html.
About Triton International Limited
Receive News & Ratings for Triton International Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triton International Limited and related companies with MarketBeat.com's FREE daily email newsletter.