Triton International Limited (TRTN) Receives Average Recommendation of “Buy” from Brokerages

Triton International Limited (NYSE:TRTN) has earned an average rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $44.00.

Several equities research analysts recently issued reports on TRTN shares. Zacks Investment Research raised Triton International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, November 14th. ValuEngine lowered Triton International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub raised Triton International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. Wells Fargo & Co raised their price target on Triton International from $39.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, Cowen raised their price target on Triton International from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 10th.

Shares of Triton International (NYSE:TRTN) opened at $30.98 on Friday. The stock has a market capitalization of $2,520.00 and a price-to-earnings ratio of 65.91. Triton International has a 52 week low of $21.77 and a 52 week high of $43.85. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.33 and a current ratio of 1.33.

Triton International (NYSE:TRTN) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.07. The company had revenue of $302.10 million during the quarter, compared to analyst estimates of $301.71 million. Triton International had a return on equity of 8.50% and a net margin of 14.44%. The company’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, Director Claude Germain sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $38.18, for a total transaction of $57,270.00. Following the sale, the director now owns 30,080 shares in the company, valued at $1,148,454.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth Hanau sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $40.31, for a total value of $403,100.00. Following the sale, the director now owns 31,580 shares in the company, valued at approximately $1,272,989.80. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Systematic Financial Management LP raised its position in Triton International by 215.9% during the fourth quarter. Systematic Financial Management LP now owns 1,127,335 shares of the company’s stock valued at $42,219,000 after purchasing an additional 770,431 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Triton International by 10.1% in the third quarter. Ameriprise Financial Inc. now owns 881,693 shares of the company’s stock worth $29,343,000 after buying an additional 80,998 shares during the period. State Street Corp increased its holdings in shares of Triton International by 8.6% in the second quarter. State Street Corp now owns 814,650 shares of the company’s stock worth $27,244,000 after buying an additional 64,662 shares during the period. Peregrine Capital Management LLC increased its holdings in shares of Triton International by 2.1% in the third quarter. Peregrine Capital Management LLC now owns 324,512 shares of the company’s stock worth $10,800,000 after buying an additional 6,616 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Triton International by 734.5% in the third quarter. Russell Investments Group Ltd. now owns 278,706 shares of the company’s stock worth $9,275,000 after buying an additional 245,307 shares during the period. Institutional investors and hedge funds own 63.73% of the company’s stock.

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About Triton International

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry freight containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.

Analyst Recommendations for Triton International (NYSE:TRTN)

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