ValuEngine Downgrades Triton International (TRTN) to Hold

Triton International (NYSE:TRTN) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

TRTN has been the subject of a number of other research reports. BidaskClub lowered Triton International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research lowered Triton International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Wells Fargo & Company upped their price objective on Triton International from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. SunTrust Banks upped their price objective on Triton International from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. Finally, Cowen upped their price objective on Triton International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.00.

Triton International (NYSE TRTN) opened at $38.54 on Friday. The firm has a market capitalization of $3,190.00 and a PE ratio of 18.49. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.33 and a quick ratio of 1.33. Triton International has a one year low of $15.69 and a one year high of $43.85.

Triton International (NYSE:TRTN) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $302.10 million during the quarter, compared to analyst estimates of $301.71 million. Triton International had a return on equity of 8.50% and a net margin of 14.44%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. research analysts forecast that Triton International will post 2.75 EPS for the current year.

In related news, VP Michelle Gallagher sold 1,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the transaction, the vice president now directly owns 23,158 shares of the company’s stock, valued at $926,320. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kenneth Hanau sold 10,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.31, for a total value of $403,100.00. Following the transaction, the director now directly owns 31,580 shares of the company’s stock, valued at $1,272,989.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,500 shares of company stock valued at $500,370. 1.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in TRTN. Quantbot Technologies LP bought a new position in Triton International during the third quarter valued at approximately $214,000. SG Americas Securities LLC bought a new position in Triton International during the third quarter valued at approximately $289,000. Pillar Pacific Capital Management LLC bought a new position in Triton International during the second quarter valued at approximately $301,000. Quotient Investors LLC bought a new stake in shares of Triton International in the 3rd quarter valued at approximately $445,000. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Triton International by 60.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock valued at $558,000 after purchasing an additional 6,291 shares during the last quarter. 63.36% of the stock is owned by institutional investors.

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Analyst Recommendations for Triton International (NYSE:TRTN)

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