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%.

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About Triton International Limited

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

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