TFI International (NYSE:TFII) Price Target Raised to $106.00

TFI International (NYSE:TFII) had its price objective upped by Royal Bank Of Canada from $102.00 to $106.00 in a report released on Wednesday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on TFII. Citigroup set a $108.00 price objective on TFI International and gave the stock a “buy” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. decreased their price objective on TFI International from $116.00 to $104.00 and set an “overweight” rating for the company in a report on Wednesday. Cormark downgraded TFI International from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. Morgan Stanley decreased their price target on TFI International from $160.00 to $158.00 and set an “overweight” rating for the company in a report on Monday. Finally, Stifel Nicolaus boosted their price objective on TFI International from $88.00 to $91.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.18.

TFI International Price Performance

TFI International stock opened at $86.61 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $7.13 billion, a PE ratio of 19.86, a P/E/G ratio of 3.18 and a beta of 1.45. TFI International has a 12 month low of $72.02 and a 12 month high of $155.12. The stock has a 50-day moving average price of $91.93 and a two-hundred day moving average price of $87.88.

TFI International (NYSE:TFII) last posted its earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.24 by $0.10. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.49 billion. TFI International had a return on equity of 15.45% and a net margin of 4.48%. Analysts expect that TFI International will post 7.76 EPS for the current year.

TFI International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, September 29th. TFI International’s dividend payout ratio is currently 41.28%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. United Services Automobile Association purchased a new position in shares of TFI International during the 1st quarter valued at $217,000. Marshall Wace LLP purchased a new stake in TFI International during the 2nd quarter worth about $294,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in TFI International by 4.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock worth $698,000 after purchasing an additional 363 shares in the last quarter. Entropy Technologies LP lifted its holdings in TFI International by 46.9% during the 1st quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock worth $1,058,000 after purchasing an additional 4,361 shares in the last quarter. Finally, Canoe Financial LP lifted its holdings in TFI International by 168.5% during the 1st quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock worth $2,854,000 after purchasing an additional 23,131 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.