TFI International (NYSE:TFII) Price Target Raised to $170.00

TFI International (NYSE:TFII) had its price objective boosted by Citigroup from $158.00 to $170.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts also recently weighed in on the stock. National Bank Financial downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada cut their price objective on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on shares of TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Stephens reiterated 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. Finally, Cormark raised TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, TFI International presently has a consensus rating of “Moderate Buy” and an average price target of $168.56.

TFI International Stock Down 1.2 %

Shares of NYSE TFII opened at $146.24 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The firm’s 50-day moving average is $139.86 and its two-hundred day moving average is $141.83. TFI International has a 12-month low of $111.56 and a 12-month high of $162.13. The company has a market capitalization of $12.38 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.01 and a beta of 1.55.

TFI International (NYSE:TFII) last posted its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same period in the previous year, the company posted $1.57 EPS. Equities analysts anticipate that TFI International will post 6.26 EPS for the current fiscal year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, December 31st. This is an increase from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio is 29.09%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. raised its stake in shares of 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 acquiring an additional 4,200 shares during the period. Toronto Dominion Bank lifted its stake 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 worth $6,329,000 after purchasing an additional 6,475 shares in the last quarter. AGF Management Ltd. lifted its stake in shares of TFI International by 359.1% during the second 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 in the last quarter. Russell Investments Group Ltd. boosted its position in shares of TFI International by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock worth $8,699,000 after buying an additional 6,808 shares during the period. Finally, QV Investors Inc. acquired a new stake in shares of TFI International in the third quarter valued at about $29,891,000. 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.