Is Triton International Limited (TRTN) a Buy? The Stock Reaches All Time High Today

July 17, 2017 - By Winifred Garcia

The stock of Triton International Limited (NYSE:TRTN) reached all time high today, Jul, 17 and still has $35.92 target or 8.00 % above today’s $33.26 share price. This indicates more upside for the $2.47 billion company. This technical setup was reported by Barchart.com. If the $35.92 PT is reached, the company will be worth $197.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.27% or $0.09 during the last trading session, reaching $33.26. About 364,382 shares traded. Triton International Limited (NYSE:TRTN) has risen 101.25% since July 17, 2016 and is uptrending. It has outperformed by 84.55% the S&P500.

Triton International Limited (NYSE:TRTN) Ratings Coverage

Among 2 analysts covering Triton International (NYSE:TRTN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Triton International had 3 analyst reports since November 11, 2016 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, November 22 by Cowen & Co. Cowen & Co maintained Triton International Limited (NYSE:TRTN) rating on Friday, November 11. Cowen & Co has “Market Perform” rating and $17 target. The firm has “Hold” rating by Wood given on Monday, May 15.

More notable recent Triton International Limited (NYSE:TRTN) news were published by: Seekingalpha.com which released: “Triton International Ltd (TRTN) CEO Brian Sondey on Q1 2017 Results – Earnings …” on May 14, 2017, also Businesswire.com with their article: “Triton International Limited Subsidiary Successfully Completes Consent …” published on March 23, 2017, Streetinsider.com published: “Triton International Limited (TRTN): A Misunderstood Market Leader – Cowen” on June 19, 2017. More interesting news about Triton International Limited (NYSE:TRTN) were released by: Businesswire.com and their article: “Triton International Limited Subsidiary Commences Consent Solicitation from …” published on March 15, 2017 as well as Businesswire.com‘s news article titled: “Triton Container International Limited and TAL International Group, Inc …” with publication date: July 12, 2016.

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