Stifel Nicolaus Downgrades TFI International (NYSE:TFII) to Hold

Stifel Nicolaus downgraded shares of TFI International (NYSE:TFII) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. They currently have $142.00 price target on the stock, down from their prior price target of $158.00.

Several other research analysts have also weighed in on the stock. Citigroup began coverage on shares of TFI International in a research note on Wednesday, October 9th. They issued a “buy” rating and a $159.00 price objective on the stock. JPMorgan Chase & Co. dropped their price target on shares of TFI International from $184.00 to $181.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Bank of America reduced their price objective on TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. The Goldman Sachs Group dropped their target price on TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada raised their price target on TFI International from $162.00 to $171.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.81.

TFI International Stock Performance

Shares of TFI International stock opened at $133.82 on Wednesday. The stock has a market cap of $11.32 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55. TFI International has a 12 month low of $106.84 and a 12 month high of $162.13. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. The business has a fifty day simple moving average of $141.84 and a 200-day simple moving average of $142.51.

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

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.35%. 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 (DPR) is 31.97%.

Institutional Investors Weigh In On TFI International

A number of hedge funds have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new position in shares of TFI International during the 1st quarter worth about $42,583,000. QV Investors Inc. acquired a new position in shares of TFI International during the third quarter worth approximately $29,891,000. AGF Management Ltd. boosted its position in shares of TFI International by 359.1% in the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after acquiring an additional 87,223 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of TFI International in the first quarter valued at approximately $10,118,000. Finally, Hood River Capital Management LLC grew its stake in shares of TFI International by 6.6% in the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after acquiring an additional 13,995 shares during 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.