Analysts Issue Forecasts for Triton International Limited’s Q1 2017 Earnings (TRTN)

Analysts Issue Forecasts for Triton International Limited’s Q1 2017 Earnings (TRTN)

Triton International Limited (NASDAQ:TRTN) – Stock analysts at SunTrust Banks reduced their Q1 2017 earnings estimates for Triton International Limited in a research note issued to investors on Friday. SunTrust Banks analyst D. Mewhirter now expects that the brokerage will earn $0.28 per share for the quarter, down from their prior estimate of $0.35. SunTrust Banks also issued estimates for Triton International Limited’s Q2 2017 earnings at $0.50 EPS.

Several other research firms have also recently commented on TRTN. Cowen and Company boosted their price target on shares of Triton International Limited from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Friday. Zacks Investment Research upgraded shares of Triton International Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 18th. Finally, Bank of America Corp. cut shares of Triton International Limited from a “neutral” rating to an “underperform” rating and set a $12.00 price target on the stock. in a report on Tuesday, August 9th.

Triton International Limited (NASDAQ:TRTN) opened at 16.20 on Monday. Triton International Limited has a 12 month low of $8.15 and a 12 month high of $20.90. The company has a 50 day moving average price of $12.97 and a 200 day moving average price of $14.44.

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A number of large investors have recently modified their holdings of the company. Vestar Capital Partners acquired a new stake in shares of Triton International Limited during the third quarter worth about $140,876,000. LSV Asset Management acquired a new stake in shares of Triton International Limited during the third quarter worth about $22,140,000. Bank of New York Mellon Corp acquired a new stake in shares of Triton International Limited during the third quarter worth about $2,865,000. TIAA CREF Investment Management LLC acquired a new stake in shares of Triton International Limited during the third quarter worth about $1,620,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of Triton International Limited during the third quarter worth about $1,223,000.

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