Shares of Triton International Ltd (NYSE:TRTN) have earned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $40.75.
A number of brokerages recently commented on TRTN. ValuEngine raised shares of Triton International from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Triton International from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Finally, Bank of America lowered their price objective on shares of Triton International from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, October 10th.
Hedge funds have recently bought and sold shares of the business. Vanguard Capital Wealth Advisors grew its position in Triton International by 10.8% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 14,930 shares of the company’s stock worth $463,000 after acquiring an additional 1,450 shares in the last quarter. Putnam Investments LLC bought a new stake in Triton International in the second quarter worth approximately $417,000. Commonwealth Bank of Australia bought a new stake in Triton International in the third quarter worth approximately $219,000. Truvestments Capital LLC grew its position in Triton International by 21.3% in the third quarter. Truvestments Capital LLC now owns 16,551 shares of the company’s stock worth $551,000 after acquiring an additional 2,909 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Triton International by 33.2% in the third quarter. Nisa Investment Advisors LLC now owns 24,275 shares of the company’s stock worth $808,000 after acquiring an additional 6,050 shares in the last quarter. 64.10% of the stock is owned by institutional investors.
Triton International (NYSE:TRTN) last announced its quarterly earnings data on Friday, November 2nd. The company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.05. Triton International had a net margin of 37.41% and a return on equity of 14.44%. The firm had revenue of $350.08 million for the quarter, compared to the consensus estimate of $349.39 million. During the same period in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. On average, equities analysts forecast that Triton International will post 4.42 earnings per share for the current fiscal year.
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 freight, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as manages containers owned by third parties.
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