Triton International Limited (TRTN) Stock Rating Upgraded by Zacks Investment Research
Triton International Limited (NASDAQ:TRTN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $48.00 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 17.97% from the stock’s current price.
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 firms have also commented on TRTN. Cowen and Company reissued a “buy” rating and set a $44.00 price target (up from $40.00) on shares of Triton International Limited in a research report on Thursday, August 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $35.00 price target on shares of Triton International Limited in a research report on Thursday, August 10th. SunTrust Banks, Inc. reissued a “buy” rating and set a $40.00 price target (up from $35.00) on shares of Triton International Limited in a research report on Thursday, August 10th. BidaskClub raised shares of Triton International Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Finally, Wells Fargo & Company increased their price target on shares of Triton International Limited from $39.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $44.00.
Triton International Limited (NASDAQ:TRTN) traded down $0.85 during trading hours on Tuesday, reaching $40.69. 76,577 shares of the company were exchanged, compared to its average volume of 460,015. Triton International Limited has a 52 week low of $13.50 and a 52 week high of $43.85.
Triton International Limited (NASDAQ:TRTN) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.07. The business had revenue of $302.10 million during the quarter, compared to analysts’ expectations of $301.71 million. The firm’s revenue was up 7.2% compared to the same quarter last year.
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In related news, VP Michelle Gallagher sold 1,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the transaction, the vice president now directly owns 23,158 shares of the company’s stock, valued at approximately $926,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Several institutional investors have recently made changes to their positions in TRTN. Teachers Advisors LLC raised its position in shares of Triton International Limited by 391.6% in the 1st quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock valued at $12,352,000 after purchasing an additional 381,523 shares during the last quarter. Kempen Capital Management N.V. purchased a new position in shares of Triton International Limited in the 2nd quarter valued at approximately $12,404,000. Systematic Financial Management LP raised its position in shares of Triton International Limited by 557.1% in the 3rd quarter. Systematic Financial Management LP now owns 356,904 shares of the company’s stock valued at $11,878,000 after purchasing an additional 302,589 shares during the last quarter. Balyasny Asset Management LLC acquired a new position in Triton International Limited in the 2nd quarter worth approximately $9,389,000. Finally, Russell Investments Group Ltd. increased its holdings in Triton International Limited by 734.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 278,706 shares of the company’s stock worth $9,275,000 after buying an additional 245,307 shares during the period.
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