Cowen and Company restated their outperform rating on shares of Triton International Limited (NASDAQ:TRTN) in a research note released on Monday morning. The firm currently has a $44.00 price objective on the stock.
Several other analysts also recently issued reports on TRTN. SunTrust Banks, Inc. reissued a buy rating and issued a $40.00 price target (up previously from $35.00) on shares of Triton International Limited in a report on Thursday, August 10th. Keefe, Bruyette & Woods reissued a hold rating and issued a $35.00 price target on shares of Triton International Limited in a report on Thursday, August 10th. Zacks Investment Research downgraded Triton International Limited from a strong-buy rating to a hold rating in a report on Thursday, July 13th. Finally, Bank of America Corporation reissued a buy rating and issued a $36.00 price target (up previously from $32.00) on shares of Triton International Limited in a report on Monday, May 15th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $37.50.
Shares of Triton International Limited (NASDAQ TRTN) opened at 31.64 on Monday. The stock has a market cap of $2.36 billion and a PE ratio of 44.63. Triton International Limited has a 1-year low of $11.50 and a 1-year high of $38.19. The stock’s 50 day moving average price is $35.28 and its 200 day moving average price is $30.58.
Triton International Limited (NASDAQ:TRTN) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The company 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% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. On average, equities research analysts anticipate that Triton International Limited will post $2.57 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend is Wednesday, August 30th.
In other Triton International Limited news, insider Kevin Valentine sold 2,000 shares of Triton International Limited stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $35.00, for a total transaction of $70,000.00. Following the sale, the insider now owns 61,705 shares of the company’s stock, valued at approximately $2,159,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Institutional investors have recently made changes to their positions in the business. Karp Capital Management Corp bought a new stake in Triton International Limited during the 1st quarter valued at $221,000. Pillar Pacific Capital Management LLC bought a new stake in Triton International Limited during the 2nd quarter valued at $301,000. Tudor Investment Corp ET AL bought a new stake in Triton International Limited during the 1st quarter valued at $329,000. Nisa Investment Advisors LLC bought a new stake in Triton International Limited during the 1st quarter valued at $366,000. Finally, UBS Asset Management Americas Inc. raised its stake in Triton International Limited by 60.5% during the 2nd 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 in the last quarter.
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