The stock of Triton International Limited (NYSE:TRTN) hit a new 52-week high and has $28.12 target or 47.00% above today’s $19.13 share price. The 8 months bullish chart indicates low risk for the $1.40 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $28.12 price target is reached, the company will be worth $658.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 267,290 shares traded hands. Triton International Limited (NYSE:TRTN) has risen 21.17% since April 19, 2016 and is uptrending. It has outperformed by 17.31% the S&P500.
According to Zacks Investment Research, “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.”
More notable recent Triton International Limited (NYSE:TRTN) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on May 29, 2011, also Businesswire.com with their article: “Triton International Limited Reports Second Quarter 2016 Results and Declares …” published on August 11, 2016, Businesswire.com published: “Triton International Limited Reports Third Quarter 2016 Results and Declares …” on November 10, 2016. More interesting news about Triton International Limited (NYSE:TRTN) were released by: Businesswire.com and their article: “Triton Container International Limited and TAL International Group, Inc …” published on July 12, 2016 as well as Businesswire.com‘s news article titled: “Triton International Limited to Host Investor and Analyst Event on September …” with publication date: September 13, 2016.
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