Triton International (TRTN) Cut to “Sell” at ValuEngine

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

A number of other research firms have also recently issued reports on TRTN. Bank of America cut Triton International from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $35.00 to $32.00 in a research report on Monday, February 4th. Zacks Investment Research reissued a “buy” rating and set a $39.00 price objective on shares of Triton International in a research report on Saturday, November 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Triton International has a consensus rating of “Hold” and an average price target of $35.75.

TRTN traded down $1.22 during trading on Friday, reaching $30.72. 3,424,497 shares of the stock traded hands, compared to its average volume of 501,125. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 0.70 and a beta of 2.37. Triton International has a fifty-two week low of $28.20 and a fifty-two week high of $39.56. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 3.24.

Triton International (NYSE:TRTN) last released its quarterly earnings data on Thursday, February 14th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. The firm had revenue of $355.40 million during the quarter, compared to analysts’ expectations of $359.00 million. Triton International had a return on equity of 15.60% and a net margin of 25.89%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, sell-side analysts forecast that Triton International will post 4.65 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. lifted its position in shares of Triton International by 114.8% in the fourth quarter. Meeder Asset Management Inc. now owns 797 shares of the company’s stock worth $25,000 after buying an additional 426 shares during the last quarter. IMS Capital Management acquired a new stake in shares of Triton International in the third quarter worth about $44,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Triton International in the fourth quarter worth about $76,000. Bank of Montreal Can lifted its position in shares of Triton International by 15.0% in the fourth quarter. Bank of Montreal Can now owns 3,174 shares of the company’s stock worth $99,000 after buying an additional 414 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Triton International by 8.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,468 shares of the company’s stock worth $140,000 after buying an additional 358 shares during the last quarter. 64.05% of the stock is owned by hedge funds and other institutional investors.

Triton International Company Profile

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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