Susquehanna Cuts TFI International (NYSE:TFII) Price Target to $105.00

TFI International (NYSE:TFII) had its price target decreased by Susquehanna from $115.00 to $105.00 in a report published on Monday, MarketBeat.com reports. Susquehanna currently has a positive rating on the stock.

Other research analysts have also recently issued research reports about the company. Weiss Ratings restated a “hold (c-)” rating on shares of TFI International in a research report on Tuesday, October 14th. CIBC decreased their price target on TFI International from $110.00 to $109.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 17th. Zacks Research cut TFI International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Stifel Nicolaus decreased their target price on TFI International from $96.00 to $94.00 and set a “hold” rating on the stock in a research report on Tuesday, October 28th. Finally, Morgan Stanley decreased their target price on TFI International from $160.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.27.

TFI International Stock Down 0.8%

Shares of NYSE TFII opened at $88.83 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. TFI International has a 52 week low of $72.02 and a 52 week high of $155.12. The stock has a market capitalization of $7.31 billion, a P/E ratio of 22.89, a PEG ratio of 5.07 and a beta of 1.48. The stock’s fifty day moving average is $91.99 and its 200 day moving average is $89.53.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. TFI International had a return on equity of 14.20% and a net margin of 4.06%.The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Sell-side analysts forecast that TFI International will post 7.76 earnings per share for the current fiscal year.

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from TFI International’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.1%. TFI International’s payout ratio is 46.39%.

Institutional Trading of TFI International

A number of hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in shares of TFI International by 20,080.0% during the third quarter. Cornerstone Planning Group LLC now owns 1,009 shares of the company’s stock valued at $89,000 after purchasing an additional 1,004 shares in the last quarter. QV Investors Inc. boosted its stake in shares of TFI International by 25.1% during the third quarter. QV Investors Inc. now owns 441,478 shares of the company’s stock valued at $38,862,000 after purchasing an additional 88,697 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of TFI International during the third quarter valued at about $3,385,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of TFI International by 9.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,418 shares of the company’s stock valued at $1,182,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Baskin Financial Services Inc. boosted its stake in shares of TFI International by 1.7% during the third quarter. Baskin Financial Services Inc. now owns 427,359 shares of the company’s stock valued at $37,582,000 after purchasing an additional 7,207 shares in the last quarter. 73.30% of the stock is 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.