Royal Bank of Canada Lowers TFI International (NYSE:TFII) Price Target to $160.00

TFI International (NYSE:TFII) had its target price cut by Royal Bank of Canada from $167.00 to $160.00 in a report issued on Wednesday, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

TFII has been the subject of a number of other reports. Bank of America reduced their target price on shares of TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a report on Tuesday. TD Cowen upped their target price on shares of TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, July 29th. Stephens reaffirmed an “equal weight” rating and issued a $149.00 target price (down from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Desjardins cut shares of TFI International from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Citigroup started coverage on shares of TFI International in a research note on Wednesday, October 9th. They set a “buy” rating and a $159.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $167.94.

TFI International Price Performance

Shares of TFII opened at $131.69 on Wednesday. TFI International has a 1-year low of $104.91 and a 1-year high of $162.13. The stock has a market cap of $11.14 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.51 and a beta of 1.55. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. The firm has a fifty day moving average price of $142.63 and a 200 day moving average price of $142.96.

TFI International (NYSE:TFII) last announced its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the company posted $1.57 earnings per share. As a group, sell-side analysts anticipate that TFI International will post 6.68 EPS for the current year.

TFI International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This is a positive change from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International’s dividend payout ratio is presently 28.42%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of TFI International in the first quarter valued at about $42,583,000. QV Investors Inc. purchased a new stake in shares of TFI International in the third quarter valued at about $29,891,000. AGF Management Ltd. lifted its holdings 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 purchasing an additional 87,223 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of TFI International in the first quarter valued at about $10,118,000. Finally, Hood River Capital Management LLC lifted its holdings 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 valued at $36,180,000 after purchasing an additional 13,995 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.