TFI International Inc. (NYSE:TFII) Receives Average Recommendation of “Moderate Buy” from Brokerages

TFI International Inc. (NYSE:TFII) has earned a consensus rating of “Moderate Buy” from the seventeen research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $169.00.

Several equities research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada reduced their price objective on TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Stifel Nicolaus lowered their target price on TFI International from $142.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday. Finally, CIBC raised their price target on TFI International from $166.00 to $176.00 and gave the company an “outperformer” rating in a research note on Wednesday, December 4th.

Hedge Funds Weigh In On TFI International

A number of large investors have recently made changes to their positions in the business. Toronto Dominion Bank boosted its position in shares of TFI International by 17.4% in the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock worth $6,329,000 after purchasing an additional 6,475 shares in the last quarter. Geode Capital Management LLC increased its position in TFI International by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after buying an additional 22,566 shares in the last quarter. Entropy Technologies LP purchased a new stake in TFI International in the third quarter valued at about $643,000. Quantbot Technologies LP boosted its holdings in TFI International by 295.1% in the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after acquiring an additional 16,047 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its stake in shares of TFI International by 1,894.5% during the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after acquiring an additional 31,260 shares during the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Price Performance

TFII opened at $134.29 on Monday. The business has a fifty day moving average of $143.46 and a 200 day moving average of $144.04. The stock has a market cap of $11.34 billion, a P/E ratio of 24.42, a PEG ratio of 1.43 and a beta of 1.58. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. TFI International has a 52-week low of $126.00 and a 52-week high of $162.13.

TFI International (NYSE:TFII) last issued its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same period in the prior year, the firm posted $1.57 earnings per share. As a group, sell-side analysts anticipate that TFI International will post 5.95 EPS for the current year.

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.34%. This is an increase from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, December 31st. TFI International’s dividend payout ratio (DPR) is 32.73%.

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.