Triton International Limited (TRTN) Downgraded by BidaskClub to “Buy”
BidaskClub cut shares of Triton International Limited (NYSE:TRTN) from a strong-buy rating to a buy rating in a research note released on Wednesday morning.
Other research analysts also recently issued 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 target on the stock in a research report on Thursday, July 27th. SunTrust Banks, Inc. increased their price target on shares of Triton International Limited from $40.00 to $50.00 and gave the stock a buy rating in a research report on Monday. They noted that the move was a valuation call. Cowen and Company reiterated a buy rating and issued 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 reiterated a hold rating and issued a $35.00 price target on shares of Triton International Limited in a research report on Thursday, August 10th. Finally, Wells Fargo & Company increased their price target on shares of Triton International Limited from $42.00 to $45.00 and gave the stock an outperform rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $44.00.
Triton International Limited (TRTN) traded down $0.84 on Wednesday, reaching $39.69. 360,600 shares of the company’s stock traded hands, compared to its average volume of 438,855. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 3.70. Triton International Limited has a fifty-two week low of $15.69 and a fifty-two week high of $43.85. The company has a market capitalization of $3,200.00 and a P/E ratio of 18.94.
Triton International Limited (NYSE:TRTN) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Triton International Limited had a net margin of 14.44% and a return on equity of 8.76%. The business had revenue of $302.10 million for the quarter, compared to the consensus estimate of $301.71 million. The firm’s revenue was up 7.2% compared to the same quarter last year. research analysts expect that Triton International Limited will post 2.75 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.80 annualized dividend and a dividend yield of 4.54%. Triton International Limited’s payout ratio is 382.98%.
In other news, VP Michelle Gallagher sold 1,000 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the vice president now directly owns 23,158 shares in the company, valued at approximately $926,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in Triton International Limited during the third quarter valued at $214,000. SG Americas Securities LLC purchased a new position in Triton International Limited during the third quarter valued at $289,000. Pillar Pacific Capital Management LLC purchased a new position in Triton International Limited during the second quarter valued at $301,000. Tudor Investment Corp ET AL purchased a new position in Triton International Limited during the first quarter valued at $329,000. Finally, Quotient Investors LLC purchased a new position in Triton International Limited during the third quarter valued at $445,000. 58.38% of the stock is owned by institutional investors.
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