Triton International Limited (TRTN) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Triton International Limited (NASDAQ:TRTN) from a strong sell rating to a hold rating in a research note published on Tuesday morning.

According to Zacks, “Triton International Limited offers acquisition, leasing, re-leasing, and sale of intermodal containers. The company’s leasing equipment consists of Dry Freight Containers, Refrigerated Containers, Special Containers, Tank Containers and Chassis. Triton International Limited, formerly known as TAL International Group, Inc., is based in Hamilton, Bermuda. “

Several other research analysts have also weighed in on TRTN. Cowen and Company began coverage on Triton International Limited in a research report on Wednesday, July 13th. They issued a market perform rating and a $17.00 target price on the stock. Bank of America Corp. lowered Triton International Limited from a neutral rating to an underperform rating and set a $12.00 target price on the stock. in a research report on Tuesday, August 9th.

Triton International Limited (NASDAQ:TRTN) opened at 13.06 on Tuesday. The stock’s 50 day moving average price is $13.53 and its 200 day moving average price is $14.74. Triton International Limited has a 52-week low of $8.15 and a 52-week high of $20.90.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, September 8th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 13.78%. The ex-dividend date was Tuesday, September 6th.

A hedge fund recently bought a new stake in Triton International Limited stock. Nisa Investment Advisors LLC acquired a new stake in shares of Triton International Limited (NASDAQ:TRTN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,300 shares of the company’s stock, valued at approximately $255,000.

5 Day Chart for NASDAQ:TRTN

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