Triton International Limited (NASDAQ:TRTN) has been assigned a consensus rating of “Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $39.40.

TRTN has been the topic of a number of recent analyst reports. 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. BidaskClub cut Triton International Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 12th. Cowen and Company restated a “buy” rating and set a $44.00 price target (up from $40.00) on shares of Triton International Limited in a report on Thursday, August 10th. Zacks Investment Research upgraded Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $35.00 price target on shares of Triton International Limited in a report on Thursday, August 10th.

Triton International Limited (NASDAQ:TRTN) last posted its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The firm had revenue of $281.90 million for the quarter, compared to analyst estimates of $281.09 million. The firm’s quarterly revenue was up 78.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS.

In related news, VP Michelle Gallagher sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $34.68, for a total value of $69,360.00. Following the sale, the vice president now directly owns 25,158 shares in the company, valued at $872,479.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of institutional investors and hedge funds have recently modified their holdings of TRTN. Bank of New York Mellon Corp lifted its stake in 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 period. Karp Capital Management Corp acquired a new position in Triton International Limited in the first quarter valued at approximately $221,000. American International Group Inc. lifted its stake in 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 period. Teachers Advisors LLC lifted its stake in Triton International Limited by 391.6% in the first quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock valued at $12,352,000 after buying an additional 381,523 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Triton International Limited by 7.6% in the first quarter. Geode Capital Management LLC now owns 266,692 shares of the company’s stock valued at $6,877,000 after buying an additional 18,778 shares during the period.

COPYRIGHT VIOLATION WARNING: “Triton International Limited (TRTN) Given Average Rating of “Buy” by Brokerages” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/11/02/triton-international-limited-trtn-given-average-rating-of-buy-by-brokerages.html.

Triton International Limited Company Profile

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

Receive News & Ratings for Triton International Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triton International Limited and related companies with MarketBeat.com's FREE daily email newsletter.