Triton Stock Closes On Rating Benchmark; Container Giant Ramps Up Production Amid Global Push To Break Supply Chain Logjam

For Triton International (TRTN), which bills itself as the world’s largest shipping container company, it’s the best of times and the worst of times. It’s the worst because the global supply chain is still clogged up due to earlier Covid-mandated company closures. That’s also the good news because there is a huge opportunity developing as the global economy gradually opens up. On Monday, the Relative Strength (RS) Rating for Triton stock climbed into a higher percentile, as it got a lift from 69 to 72.


The 72 RS Rating shows that Triton stock is outperforming 72% of all stocks, regardless of industry group. It’s a good but not great rating. The market’s biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Triton International can continue to show renewed price strength and clear that threshold.

Triton Stock Composite Rating Among Best

Among other key ratings, the Bermuda-based company boasts a 98 EPS Rating, of a best-possible 99. Institutional investors aren’t jumping on board yet though. The maker of chassis, dry freight, refrigerated and other shipping containers has a middling C Accumulation/Distribution Rating, indicating roughly as many investors are buying as selling its stock. Still Triton stock also has a 98 Composite Rating.

The Composite Rating combines five separate proprietary IBD ratings, based on key fundamental and technical criteria, into one easy-to-use score.

Regarding top and bottom line numbers, Triton International has posted rising EPS growth in each of the last four reports. Revenue gains have also moved higher during the same period. Last quarter, Triton reported a 149% surge in earnings to $2.14 per share on a 15% increase in revenue to $369.8 million. The prior two periods, its EPS rose 59% and then 105%. The company is expected to report its next quarterly numbers on or around Oct. 23.

Triton stock holds the No. 4 rank among its peers in the Commercial Services-Leasing industry group. Textainer (TGH) and Amerco (UHAL) are also among the group’s highest-rated stocks.

See How IBD Helps You Make More Money In Stocks

Triton stock is building a consolidation with a 61.98 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.

When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

This proprietary Relative Strength Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the last 52 weeks matched up against all other stocks.


Stocks With Rising Relative Strength Ratings

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

MarketSmith: Research, Charts, Data And Coaching All In One Place

See How To Reduce Risk, Increase Profits With Swing Trading

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button