Triton International Limited (TRTN) Given Consensus Recommendation of “Buy” by Brokerages

Triton International Limited (NASDAQ:TRTN) has been given an average recommendation of “Buy” by the six analysts that are covering the stock. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $28.40.

Several research firms have issued reports on TRTN. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 price target on shares of Triton International Limited in a research note on Friday. Cowen and Company reaffirmed an “outperform” rating and set a $30.00 price target on shares of Triton International Limited in a research note on Thursday. Wells Fargo & Co began coverage on shares of Triton International Limited in a research note on Monday, February 13th. They set an “outperform” rating and a $30.00 price target on the stock. They noted that the move was a valuation call. SunTrust Banks, Inc. raised their price target on shares of Triton International Limited from $26.00 to $28.00 and gave the stock a “positive” rating in a research note on Wednesday, March 15th. Finally, Zacks Investment Research raised shares of Triton International Limited from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, March 14th.

Large investors have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC purchased a new stake in Triton International Limited during the third quarter valued at about $636,000. Falcon Point Capital LLC bought a new stake in Triton International Limited during the third quarter valued at about $381,000. Airain ltd bought a new stake in Triton International Limited during the third quarter valued at about $134,000. LSV Asset Management bought a new stake in Triton International Limited during the third quarter valued at about $22,140,000. Finally, Wedbush Securities Inc. bought a new stake in Triton International Limited during the third quarter valued at about $1,223,000.

Triton International Limited (NASDAQ:TRTN) traded down 4.10% during trading on Monday, reaching $24.77. 200,009 shares of the company were exchanged. Triton International Limited has a 12 month low of $11.50 and a 12 month high of $27.84. The stock has a 50 day moving average price of $24.76 and a 200 day moving average price of $18.22.

Triton International Limited (NASDAQ:TRTN) last posted its earnings results on Tuesday, March 14th. The company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The business had revenue of $259.50 million for the quarter, compared to analysts’ expectations of $251.91 million. The business’s quarterly revenue was up 50.0% on a year-over-year basis. Equities research analysts forecast that Triton International Limited will post $1.80 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Monday, March 20th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $1.80 annualized dividend and a dividend yield of 7.26%.

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