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S&P 500   3,345.26 (-0.19%)
DOW   27,531.39 (-0.19%)
QQQ   277.15 (-0.02%)
AAPL   114.64 (-0.28%)
MSFT   208.18 (-0.60%)
FB   261.15 (+1.69%)
GOOGL   1,462.99 (+0.30%)
AMZN   3,160.32 (-0.43%)
TSLA   423.01 (+0.43%)
NVDA   537.04 (+3.00%)
BABA   277.09 (+0.39%)
CGC   14.47 (+1.83%)
GE   6.13 (-1.13%)
MU   50.96 (+2.49%)
AMD   82.43 (+3.71%)
T   28.32 (-0.21%)
F   6.63 (-0.90%)
ACB   4.75 (-0.63%)
GILD   62.25 (-0.95%)
NFLX   495.85 (+1.06%)
DIS   125.07 (-0.73%)
BA   164.83 (-0.75%)
BAC   23.80 (-1.20%)
S&P 500   3,345.26 (-0.19%)
DOW   27,531.39 (-0.19%)
QQQ   277.15 (-0.02%)
AAPL   114.64 (-0.28%)
MSFT   208.18 (-0.60%)
FB   261.15 (+1.69%)
GOOGL   1,462.99 (+0.30%)
AMZN   3,160.32 (-0.43%)
TSLA   423.01 (+0.43%)
NVDA   537.04 (+3.00%)
BABA   277.09 (+0.39%)
CGC   14.47 (+1.83%)
GE   6.13 (-1.13%)
MU   50.96 (+2.49%)
AMD   82.43 (+3.71%)
T   28.32 (-0.21%)
F   6.63 (-0.90%)
ACB   4.75 (-0.63%)
GILD   62.25 (-0.95%)
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DIS   125.07 (-0.73%)
BA   164.83 (-0.75%)
BAC   23.80 (-1.20%)
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DOW   27,531.39 (-0.19%)
QQQ   277.15 (-0.02%)
AAPL   114.64 (-0.28%)
MSFT   208.18 (-0.60%)
FB   261.15 (+1.69%)
GOOGL   1,462.99 (+0.30%)
AMZN   3,160.32 (-0.43%)
TSLA   423.01 (+0.43%)
NVDA   537.04 (+3.00%)
BABA   277.09 (+0.39%)
CGC   14.47 (+1.83%)
GE   6.13 (-1.13%)
MU   50.96 (+2.49%)
AMD   82.43 (+3.71%)
T   28.32 (-0.21%)
F   6.63 (-0.90%)
ACB   4.75 (-0.63%)
GILD   62.25 (-0.95%)
NFLX   495.85 (+1.06%)
DIS   125.07 (-0.73%)
BA   164.83 (-0.75%)
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Triton International (NYSE:TRTN) Rating Increased to Sell at ValuEngine

Wednesday, September 16, 2020 | MarketBeat

Triton International (NYSE:TRTN) was upgraded by research analysts at ValuEngine from a "strong sell" rating to a "sell" rating in a report issued on Wednesday, ValuEngine reports.

A number of other research analysts have also recently issued reports on the stock. BofA Securities upgraded shares of Triton International from an "underperform" rating to a "buy" rating and lifted their price objective for the company from $30.00 to $39.00 in a report on Friday, July 24th. Bank of America lifted their price target on Triton International from $43.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Zacks Investment Research raised Triton International from a "hold" rating to a "buy" rating and set a $36.00 price objective for the company in a report on Thursday, August 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. The stock currently has a consensus rating of "Hold" and an average price target of $41.17.

Shares of TRTN stock traded up $2.13 during mid-day trading on Wednesday, hitting $39.51. The company's stock had a trading volume of 943,907 shares, compared to its average volume of 427,594. The company's fifty day simple moving average is $34.43 and its 200-day simple moving average is $30.67. Triton International has a 52 week low of $19.80 and a 52 week high of $40.88. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $2.71 billion, a PE ratio of 9.78, a P/E/G ratio of 0.91 and a beta of 2.07.

Triton International (NYSE:TRTN) last released its quarterly earnings data on Friday, July 24th. The company reported $0.86 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.89 by ($0.03). Triton International had a net margin of 24.21% and a return on equity of 15.53%. The firm had revenue of $321.40 million for the quarter, compared to the consensus estimate of $312.72 million. During the same quarter in the prior year, the firm earned $1.15 EPS. The company's revenue was down 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Triton International will post 4 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Aperio Group LLC increased its stake in Triton International by 28.4% in the 1st quarter. Aperio Group LLC now owns 21,975 shares of the company's stock valued at $568,000 after buying an additional 4,865 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Triton International by 5.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 73,531 shares of the company's stock worth $1,902,000 after acquiring an additional 3,954 shares during the period. Arizona State Retirement System bought a new stake in Triton International during the first quarter worth $307,000. New York State Common Retirement Fund lifted its holdings in Triton International by 15.3% during the first quarter. New York State Common Retirement Fund now owns 99,989 shares of the company's stock worth $2,587,000 after acquiring an additional 13,300 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Triton International by 10.6% during the first quarter. Rhumbline Advisers now owns 97,544 shares of the company's stock worth $2,523,000 after acquiring an additional 9,380 shares during the period. 65.51% of the stock is owned by institutional investors and hedge funds.

About Triton International

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.

See Also: How does a margin account work?

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

Analyst Recommendations for Triton International (NYSE:TRTN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

6 Stocks Riding the Coattails of Nikola Motor

Since its initial public offering on June 4, shares of Nikola (NASDAQ: NKLA) have surged over 130%. NKLA stock has cooled down since then and is now trading at just over a 60% premium from its IPO price of $34 per share.

Nikola isn’t alone. The entire electric vehicle (EV) market is on a tear. In addition to the surge in Nikola stock, Tesla (NASDAQ: TSLA) stock is up over 93% and Nio (NYSE: NIO) stock has climbed nearly over 160% in the same time period. But while Tesla and Nio are actually producing cars, Nikola does not even have a plant built.

With all that said, the allure of Nikola is easy to see. The company is planning on building a fleet of hydrogen fuel cell trucks powered by hydrogen fueling stations from sea to shining sea. At least that’s the plan. But that plan is years away. The company won’t even have a fuel cell truck available until 2023 at the earliest.

And while the United States has 39 hydrogen fueling stations, it’s an expensive, complicated venture. But that’s been the problem with hydrogen for nearly two decades. And that has some investors wondering what the company’s chief executive officer (CEO) Trevor Milton is really selling.

Leaving aside the question of whether Nikola is riding the coattails of Tesla, Nikola is beginning to create some significant coattails of its own. And there’s a reason for this. While Nikola is planning to compete with Tesla in the electric car arena, it’s also covering a specific niche with a semi-truck that will run on a hydrogen fuel cell.

View the "6 Stocks Riding the Coattails of Nikola Motor".

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