Triton International Limited (TRTN) Stock Rating Reaffirmed by Cowen and Company

Triton International Limited (NASDAQ:TRTN)‘s stock had its “outperform” rating reiterated by equities research analysts at Cowen and Company in a report released on Monday. They presently have a $44.00 target price on the stock. Cowen and Company’s price target indicates a potential upside of 35.18% from the stock’s previous close.

A number of other equities analysts have also issued reports on TRTN. Bank of America Corporation reiterated a “buy” rating and issued a $36.00 target price (up previously from $32.00) on shares of Triton International Limited in a research report on Monday, May 15th. Zacks Investment Research lowered shares of Triton International Limited from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $35.00 target price on shares of Triton International Limited in a research report on Thursday, August 10th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $40.00 target price (up previously from $35.00) on shares of Triton International Limited in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $37.50.

Shares of Triton International Limited (TRTN) opened at 32.55 on Monday. The stock has a market cap of $2.43 billion and a P/E ratio of 45.91. Triton International Limited has a 12-month low of $11.50 and a 12-month high of $38.19. The company’s 50-day moving average is $35.59 and its 200-day moving average is $30.50.

Triton International Limited (NASDAQ:TRTN) last announced its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business’s quarterly revenue was up 78.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. On average, analysts expect that Triton International Limited will post $2.63 earnings per share for the current fiscal year.

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In other news, VP Michelle Gallagher sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $34.68, for a total transaction of $69,360.00. Following the completion of the transaction, the vice president now owns 25,158 shares in the company, valued at approximately $872,479.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Several large investors have recently bought and sold shares of the company. Foresters Investment Management Company Inc. boosted its position in shares of Triton International Limited by 11.4% during the 1st quarter. Foresters Investment Management Company Inc. now owns 1,290,800 shares of the company’s stock valued at $33,290,000 after purchasing an additional 131,900 shares in the last quarter. State Street Corp boosted its position in shares of Triton International Limited by 8.6% during the 2nd quarter. State Street Corp now owns 814,650 shares of the company’s stock valued at $27,244,000 after purchasing an additional 64,662 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Triton International Limited by 25.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 800,695 shares of the company’s stock valued at $26,776,000 after purchasing an additional 160,814 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Triton International Limited by 391.6% during 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 in the last quarter. Finally, Kempen Capital Management N.V. bought a new position in shares of Triton International Limited during the 2nd quarter valued at about $12,404,000.

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

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