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.
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