TFI International (NYSE:TFII) Price Target Cut to $162.00

TFI International (NYSE:TFII) had its price target cut by Royal Bank of Canada from $173.00 to $162.00 in a report issued on Monday, Benzinga reports. They currently have an outperform rating on the stock.

TFII has been the subject of a number of other research reports. The Goldman Sachs Group boosted their price target on TFI International from $157.00 to $173.00 and gave the stock a buy rating in a research report on Thursday, April 11th. BMO Capital Markets upped their price objective on TFI International from $130.00 to $140.00 and gave the company a market perform rating in a report on Monday, February 12th. CIBC upped their price objective on TFI International from $167.00 to $175.00 and gave the company an outperformer rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on TFI International in a report on Monday, January 29th. They issued a buy rating and a $175.00 price objective for the company. Finally, Morgan Stanley boosted their target price on TFI International from $169.00 to $176.00 and gave the stock an overweight rating in a research report on Monday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $160.78.

TFI International Trading Down 0.4 %

Shares of TFII stock opened at $129.79 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.64 and a current ratio of 1.66. TFI International has a 1 year low of $102.94 and a 1 year high of $162.13. The stock has a fifty day moving average of $151.29 and a two-hundred day moving average of $134.32. The firm has a market capitalization of $10.98 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.52.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). TFI International had a return on equity of 20.39% and a net margin of 6.44%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.89 billion. As a group, research analysts expect that TFI International will post 7.41 EPS for the current year.

TFI International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date was Wednesday, March 27th. TFI International’s payout ratio is currently 28.42%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in TFI International by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after purchasing an additional 743 shares during the last quarter. Argent Capital Management LLC increased its position in TFI International by 793.1% in the 1st quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock worth $28,927,000 after purchasing an additional 161,094 shares during the last quarter. UMB Bank n.a. acquired a new position in TFI International in the 1st quarter worth about $136,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in TFI International by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock worth $27,798,000 after purchasing an additional 2,914 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of TFI International during the 1st quarter worth about $42,583,000. 73.30% of the stock is owned by institutional investors and hedge funds.

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.