Triton International Limited (TRTN) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Triton International Limited (NYSE:TRTN) from a hold rating to a buy rating in a research report report published on Tuesday morning. They currently have $48.00 price objective on the stock.

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. “

A number of other analysts also recently commented on TRTN. 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. 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. 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. BidaskClub upgraded shares of Triton International Limited from a buy rating to a strong-buy rating in a report on Tuesday, November 7th. Finally, Wells Fargo & Company boosted their target price on shares of Triton International Limited from $39.00 to $42.00 and gave the stock an outperform rating in a report on Friday, October 20th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $44.00.

Shares of Triton International Limited (TRTN) opened at $40.07 on Tuesday. 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 cap of $3,200.00 and a P/E ratio of 18.94.

Triton International Limited (NYSE:TRTN) last released its earnings results on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates 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. analysts predict that Triton International Limited will post 2.75 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Thursday, November 30th. Triton International Limited’s dividend payout ratio (DPR) is currently 382.98%.

In other news, Director Kenneth Hanau sold 10,000 shares of Triton International Limited stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.31, for a total value of $403,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michelle Gallagher sold 1,000 shares of Triton International Limited stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the transaction, the vice president now directly owns 23,158 shares in the company, valued at $926,320. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TRTN. Quantbot Technologies LP purchased a new position in Triton International Limited during the third quarter valued at approximately $214,000. SG Americas Securities LLC purchased a new position in Triton International Limited during the third quarter valued at approximately $289,000. Pillar Pacific Capital Management LLC purchased a new position in Triton International Limited during the second quarter valued at approximately $301,000. Tudor Investment Corp ET AL purchased a new position in Triton International Limited during the first quarter valued at approximately $329,000. Finally, Quotient Investors LLC purchased a new position in Triton International Limited during the third quarter valued at approximately $445,000. 58.38% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Recommendations for Triton International Limited (NYSE:TRTN)

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