Triton International Limited (NYSE:TRTN) had its price objective lifted by investment analysts at SunTrust Banks, Inc. from $40.00 to $50.00 in a report released on Monday. The brokerage currently has a “buy” rating on the stock. SunTrust Banks, Inc.’s target price points to a potential upside of 23.37% from the company’s previous close. The analysts noted that the move was a valuation call.
A number of other research analysts have also commented on 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 objective on the stock in a research note on Thursday, July 27th. Wells Fargo & Company lifted their price objective on shares of Triton International Limited from $39.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. BidaskClub upgraded shares of Triton International Limited from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. Cowen and Company restated an “outperform” rating and issued a $44.00 price objective on shares of Triton International Limited in a research note on Monday, September 11th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $35.00 price objective on shares of Triton International Limited in a research note on Thursday, August 10th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Triton International Limited currently has a consensus rating of “Buy” and a consensus target price of $44.00.
Triton International Limited (NYSE:TRTN) opened at $40.53 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 3.70. The company has a market cap of $3,351.74, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.04 and a beta of 2.74. Triton International Limited has a one year low of $15.69 and a one year high of $43.85.
Triton International Limited (NYSE:TRTN) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $302.10 million for the quarter, compared to analyst estimates of $301.71 million. Triton International Limited had a net margin of 14.44% and a return on equity of 8.76%. Triton International Limited’s quarterly revenue was up 7.2% on a year-over-year basis. equities research analysts anticipate that Triton International Limited will post 2.71 EPS for the current year.
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In other news, VP Michelle Gallagher sold 1,000 shares of Triton International Limited stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the sale, the vice president now owns 23,158 shares of the company’s stock, valued at $926,320. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in TRTN. Teachers Advisors LLC boosted its holdings in Triton International Limited by 391.6% during the first quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock worth $12,352,000 after buying an additional 381,523 shares in the last quarter. Kempen Capital Management N.V. purchased a new stake in Triton International Limited during the second quarter worth about $12,404,000. Systematic Financial Management LP boosted its holdings in Triton International Limited by 557.1% during the third quarter. Systematic Financial Management LP now owns 356,904 shares of the company’s stock worth $11,878,000 after buying an additional 302,589 shares in the last quarter. Balyasny Asset Management LLC purchased a new stake in Triton International Limited during the second quarter worth about $9,389,000. Finally, Russell Investments Group Ltd. boosted its holdings in Triton International Limited by 734.5% during the third 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 in the last quarter. 58.38% of the stock is currently owned by hedge funds and other institutional investors.
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