TFI International (NYSE:TFII) Lowered to Hold at Stifel Nicolaus

Stifel Nicolaus downgraded shares of TFI International (NYSE:TFII) from a buy rating to a hold rating in a report published on Wednesday, MarketBeat.com reports. They currently have $142.00 price objective on the stock, down from their prior price objective of $158.00.

TFII has been the topic of a number of other reports. The Goldman Sachs Group lowered their target price on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price target on TFI International from $184.00 to $181.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Desjardins cut TFI International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. TD Cowen increased their target price on TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, CIBC dropped their price target on TFI International from $179.00 to $174.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.94.

TFI International Stock Down 3.1 %

TFI International stock opened at $131.69 on Wednesday. The company has a market capitalization of $11.15 billion, a P/E ratio of 23.94, a P/E/G ratio of 1.50 and a beta of 1.55. TFI International has a 1-year low of $104.91 and a 1-year high of $162.13. The firm’s fifty day simple moving average is $142.63 and its 200-day simple moving average is $142.96. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84.

TFI International (NYSE:TFII) last posted its earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same quarter last year, the business earned $1.57 earnings per share. Sell-side analysts forecast that TFI International will post 6.64 earnings per share for the current fiscal year.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio is 29.09%.

Institutional Investors Weigh In On TFI International

Several large investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. boosted its stake in TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after buying an additional 4,200 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of TFI International by 17.4% during the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after acquiring an additional 6,475 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of TFI International in the 1st quarter valued at $10,118,000. AGF Management Ltd. grew its holdings in shares of TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after purchasing an additional 87,223 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of TFI International by 14.3% during the 1st quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock worth $8,699,000 after purchasing an additional 6,808 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.