TFI International Inc. (NYSE:TFII – Get Free Report) declared a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.47 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, June 30th.
TFI International has increased its dividend payment by an average of 0.2%per year over the last three years. TFI International has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TFI International to earn $7.23 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 26.0%.
TFI International Trading Down 1.8%
TFII opened at $152.85 on Wednesday. The firm has a market capitalization of $12.56 billion, a P/E ratio of 42.58, a P/E/G ratio of 1.39 and a beta of 1.62. The firm’s 50 day moving average is $141.95 and its 200-day moving average is $120.43. TFI International has a 52-week low of $80.63 and a 52-week high of $167.69. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.88.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of TFI International from $137.00 to $158.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Morgan Stanley boosted their target price on shares of TFI International from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Wall Street Zen upgraded shares of TFI International from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded shares of TFI International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of TFI International in a research note on Friday, March 27th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, TFI International has a consensus rating of “Moderate Buy” and a consensus target price of $152.21.
Check Out Our Latest Stock Report on TFII
TFI International Company Profile
TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.
Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.
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