Triton International Limited (NASDAQ:TRTN)‘s stock had its “hold” rating restated by equities research analysts at Keefe, Bruyette & Woods in a report issued on Friday. They presently have a $28.00 target price on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 14.10% from the company’s previous close.
Several other analysts have also issued reports on the company. Cowen and Company reissued an “outperform” rating and set a $30.00 price target on shares of Triton International Limited in a report on Thursday, March 16th. SunTrust Banks, Inc. boosted their price target on Triton International Limited from $26.00 to $28.00 and gave the company a “positive” rating in a report on Wednesday, March 15th. Zacks Investment Research raised Triton International Limited from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a report on Tuesday, March 14th. Finally, Wells Fargo & Co assumed coverage on Triton International Limited in a report on Monday, February 13th. They set an “outperform” rating and a $30.00 price target for the company. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $25.67.
Triton International Limited (NASDAQ:TRTN) opened at 24.54 on Friday. The stock’s 50 day moving average price is $24.76 and its 200 day moving average price is $18.22. Triton International Limited has a 12 month low of $11.50 and a 12 month high of $27.84.
Triton International Limited (NASDAQ:TRTN) last released its quarterly earnings results on Tuesday, March 14th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $259.50 million for the quarter, compared to the consensus estimate of $251.91 million. Triton International Limited’s revenue was up 50.0% compared to the same quarter last year. Analysts expect that Triton International Limited will post $1.80 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Monday, March 20th will be given a $0.45 dividend. The ex-dividend date is Thursday, March 16th. This represents a $1.80 annualized dividend and a dividend yield of 7.33%.
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Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado acquired a new position in shares of Triton International Limited during the third quarter valued at approximately $129,000. Airain ltd acquired a new position in shares of Triton International Limited during the third quarter valued at approximately $134,000. Aperio Group LLC acquired a new position in shares of Triton International Limited during the third quarter valued at approximately $137,000. Strs Ohio acquired a new position in shares of Triton International Limited during the third quarter valued at approximately $167,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Triton International Limited during the fourth quarter valued at approximately $172,000.
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