Triton International Limited (NASDAQ:TRTN) has been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $37.50.

TRTN has been the topic of several recent analyst reports. Zacks Investment Research raised Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $28.00 target price on shares of Triton International Limited in a report on Friday, May 12th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $40.00 target price (up previously from $35.00) on shares of Triton International Limited in a report on Thursday, August 10th. Cowen and Company reissued a “buy” rating and issued a $44.00 target price (up previously from $40.00) on shares of Triton International Limited in a report on Thursday, August 10th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $36.00 target price (up previously from $32.00) on shares of Triton International Limited in a report on Monday, May 15th.

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Triton International Limited (TRTN) opened at 33.65 on Friday. Triton International Limited has a one year low of $11.50 and a one year high of $37.82. The stock has a 50 day moving average price of $34.68 and a 200-day moving average price of $29.34.

Triton International Limited (NASDAQ:TRTN) last posted its earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $281.90 million during the quarter, compared to analysts’ expectations of $281.09 million. The business’s quarterly revenue was up 78.1% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. On average, equities analysts expect that Triton International Limited will post $2.60 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.35%. 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 the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $32.50, for a total transaction of $65,000.00. Following the transaction, the insider now owns 63,705 shares of the company’s stock, valued at $2,070,412.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert W. Alspaugh sold 5,525 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $29.91, for a total value of $165,252.75. Following the transaction, the director now directly owns 28,487 shares in the company, valued at approximately $852,046.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,525 shares of company stock worth $429,613.

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC raised its position in shares of Triton International Limited by 1.2% in the second quarter. Advisory Services Network LLC now owns 41,861 shares of the company’s stock valued at $1,400,000 after buying an additional 502 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Triton International Limited by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 244,857 shares of the company’s stock valued at $6,316,000 after buying an additional 3,096 shares during the last quarter. Rhumbline Advisers raised its position in shares of Triton International Limited by 11.2% in the second quarter. Rhumbline Advisers now owns 51,835 shares of the company’s stock valued at $1,733,000 after buying an additional 5,212 shares during the last quarter. American International Group Inc. raised its position in shares of Triton International Limited by 27.5% in the first quarter. American International Group Inc. now owns 24,303 shares of the company’s stock valued at $627,000 after buying an additional 5,245 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Triton International Limited by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 33,399 shares of the company’s stock valued at $1,117,000 after buying an additional 5,862 shares during the last quarter.

Triton International Limited Company Profile

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

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