Brokerages Set TFI International Inc. (NYSE:TFII) Target Price at $168.56

Shares of TFI International Inc. (NYSE:TFII) have been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $168.56.

A number of brokerages have recently weighed in on TFII. Susquehanna cut their price objective on TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada cut their price target on TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. 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 report on Wednesday, October 23rd. Desjardins cut their target price on shares of TFI International from $209.00 to $204.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group decreased their price target on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th.

Institutional Trading of TFI International

A number of hedge funds and other institutional investors have recently bought and sold shares of TFII. Plato Investment Management Ltd bought a new position in shares of TFI International in the third quarter worth about $134,000. iA Global Asset Management Inc. purchased a new stake in TFI International in the 2nd quarter valued at about $240,000. Industrial Alliance Investment Management Inc. boosted its position in TFI International by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after buying an additional 80 shares during the period. Entropy Technologies LP bought a new position in TFI International in the 3rd quarter worth about $643,000. Finally, Summit Global Investments increased its position in shares of TFI International by 83.7% during the second quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after acquiring an additional 3,012 shares during the period. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Stock Down 1.2 %

NYSE TFII opened at $147.37 on Friday. TFI International has a 12 month low of $111.72 and a 12 month high of $162.13. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The stock has a market cap of $12.47 billion, a PE ratio of 26.79, a P/E/G ratio of 1.93 and a beta of 1.55. The stock’s 50 day moving average is $140.56 and its 200 day moving average is $142.69.

TFI International (NYSE:TFII) last released its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate 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 return on equity of 20.25% and a net margin of 5.67%. During the same period last year, the firm posted $1.57 EPS. Research analysts predict that TFI International will post 6.26 EPS for the current fiscal year.

TFI International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 represents a $1.80 dividend on an annualized basis and a yield of 1.22%. This is a boost from TFI International’s previous quarterly dividend of $0.40. TFI International’s payout ratio is presently 32.73%.

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.