TFI International (NYSE:TFII) PT Lowered to $158.00

TFI International (NYSE:TFII) had its target price cut by Stifel Nicolaus from $162.00 to $158.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on TFII. National Bank Financial downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. CIBC cut their price target on TFI International from $179.00 to $174.00 and set an “outperform” rating on the stock in a report on Tuesday, October 1st. TD Cowen lifted their price objective on TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. cut their target price on shares of TFI International from $184.00 to $181.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Finally, Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.94.

TFI International Stock Performance

Shares of TFI International stock opened at $131.69 on Monday. The stock has a market capitalization of $11.14 billion, a price-to-earnings 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 business has a 50-day moving average of $142.63 and a 200 day moving average of $142.96. TFI International has a 12 month low of $104.91 and a 12 month high of $162.13.

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

TFI International Increases Dividend

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

Institutional Trading of TFI International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new position in TFI International during the first quarter worth approximately $42,583,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of TFI International by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock valued at $27,798,000 after acquiring an additional 2,914 shares during the period. Van ECK Associates Corp raised its position in TFI International by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock valued at $1,835,000 after purchasing an additional 743 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in TFI International during the 1st quarter worth $10,118,000. Finally, Steamboat Capital Partners LLC boosted its stake in TFI International by 1.6% during the 1st quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company’s stock worth $11,214,000 after purchasing an additional 1,086 shares during the period. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.