Triton International (TRTN) Downgraded by ValuEngine to “Hold”

Triton International (NYSE:TRTN) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

TRTN has been the subject of a number of other reports. SunTrust Banks increased their target price on shares of Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 13th. They noted that the move was a valuation call. BidaskClub cut shares of Triton International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Cowen reaffirmed a “buy” rating and issued a $44.00 target price (up from $40.00) on shares of Triton International in a report on Thursday, August 10th. Zacks Investment Research raised shares of Triton International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $35.00 target price on shares of Triton International in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.00.

Triton International (TRTN) opened at $38.54 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 3.34. Triton International has a twelve month low of $15.69 and a twelve month high of $43.85. The company has a market capitalization of $3,190.00 and a price-to-earnings ratio of 18.49.

Triton International (NYSE:TRTN) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. Triton International had a net margin of 14.44% and a return on equity of 8.50%. The company had revenue of $302.10 million during the quarter, compared to the consensus estimate of $301.71 million. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. equities analysts expect that Triton International will post 2.75 EPS for the current fiscal year.

In other Triton International news, VP Michelle Gallagher sold 1,000 shares of Triton International stock in a transaction on Friday, October 20th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the transaction, the vice president now owns 23,158 shares in the company, valued at approximately $926,320. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Claude Germain sold 1,500 shares of Triton International stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $38.18, for a total transaction of $57,270.00. Following the completion of the transaction, the director now owns 30,080 shares in the company, valued at approximately $1,148,454.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,500 shares of company stock worth $500,370. 1.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. acquired a new position in shares of Triton International during the 2nd quarter valued at $874,000. Rhumbline Advisers increased its stake in Triton International by 11.2% during the 2nd quarter. Rhumbline Advisers now owns 51,835 shares of the company’s stock worth $1,733,000 after buying an additional 5,212 shares during the period. Argent Capital Management LLC purchased a new stake in Triton International during the 2nd quarter worth $2,577,000. Kempen Capital Management N.V. purchased a new stake in Triton International during the 2nd quarter worth $12,404,000. Finally, Systematic Financial Management LP purchased a new stake in Triton International during the 2nd quarter worth $1,816,000. Institutional investors own 63.36% of the company’s stock.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Triton International (NYSE:TRTN)

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