TFI International (NYSE:TFII) PT Lowered to $158.00 at Citigroup

TFI International (NYSE:TFII) had its price target lowered by Citigroup from $159.00 to $158.00 in a research note published on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

TFII has been the subject of a number of other research reports. Bank of America lowered their target price on TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a report on Tuesday. Stifel Nicolaus cut TFI International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $158.00 to $142.00 in a research note on Wednesday. CIBC cut their target price on TFI International from $174.00 to $166.00 and set an “outperform” rating on the stock in a research note on Wednesday. TD Cowen boosted their target price on shares of TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Stephens restated an “equal weight” rating and issued a $149.00 price target (down from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average target price of $167.81.

TFI International Price Performance

Shares of TFII stock opened at $133.83 on Wednesday. TFI International has a twelve month low of $106.84 and a twelve month high of $162.13. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84. The stock has a fifty day simple moving average of $141.84 and a two-hundred day simple moving average of $142.64. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.50 and a beta of 1.55.

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

TFI International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.34%. TFI International’s payout ratio is 31.97%.

Institutional Trading of TFI International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. increased its holdings in shares of TFI International by 0.4% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock valued at $74,242,000 after purchasing an additional 1,980 shares during the period. QV Investors Inc. acquired a new stake in shares of TFI International during the third quarter worth about $29,891,000. Toronto Dominion Bank boosted its position in TFI International by 17.4% in the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after buying an additional 6,475 shares during the last quarter. AGF Management Ltd. increased its holdings in 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 buying an additional 87,223 shares during the period. Finally, NewGen Asset Management Ltd raised its position in TFI International by 5.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

About TFI International

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.