Triton International (TRTN) Lifted to “Hold” at Zacks Investment Research
Triton International (NASDAQ:TRTN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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. “
Several other research firms have also recently weighed in on TRTN. Bank of America Corp. cut shares of Triton International from a “neutral” rating to an “underperform” rating and set a $12.00 target price for the company. in a research note on Tuesday, August 9th. Cowen and Company assumed coverage on shares of Triton International in a research note on Wednesday, July 13th. They issued a “market perform” rating and a $17.00 target price for the company.
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Shares of Triton International (NASDAQ:TRTN) opened at 12.75 on Tuesday. The firm has a 50-day moving average of $13.61 and a 200 day moving average of $14.75. Triton International has a one year low of $8.15 and a one year high of $20.90.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, September 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 14.12%. The ex-dividend date of this dividend was Tuesday, September 6th.
An institutional investor recently bought a new position in Triton International stock. Nisa Investment Advisors LLC bought a new position in Triton International (NASDAQ:TRTN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,300 shares of the company’s stock, valued at approximately $255,000.
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