The Goldman Sachs Group Boosts TFI International (NYSE:TFII) Price Target to $173.00

TFI International (NYSE:TFII) had its price target hoisted by The Goldman Sachs Group from $157.00 to $173.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on TFII. Scotiabank upgraded shares of TFI International from a sector perform rating to a sector outperform rating in a research note on Monday, January 22nd. CIBC raised their price target on shares of TFI International from $167.00 to $175.00 and gave the stock an outperformer rating in a research note on Tuesday, April 2nd. Royal Bank of Canada restated an outperform rating and set a $155.00 price target on shares of TFI International in a research note on Monday, February 12th. Morgan Stanley raised their price target on shares of TFI International from $169.00 to $176.00 and gave the stock an overweight rating in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of TFI International from $133.00 to $132.00 and set an overweight rating for the company in a research note on Thursday, December 21st. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $158.39.

TFI International Stock Down 1.2 %

TFII stock opened at $156.14 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.25 and a quick ratio of 1.23. TFI International has a 52-week low of $100.96 and a 52-week high of $162.13. The company has a 50-day moving average of $151.00 and a two-hundred day moving average of $132.79. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 4.23 and a beta of 1.52.

TFI International (NYSE:TFII) last released its earnings results on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. TFI International had a net margin of 6.71% and a return on equity of 20.92%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company earned $1.72 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. As a group, equities research analysts anticipate that TFI International will post 7.52 EPS for the current year.

TFI International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, March 27th. TFI International’s payout ratio is presently 27.54%.

Hedge Funds Weigh In On TFI International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFII. Marshall Wace LLP acquired a new position in TFI International in the 4th quarter worth $5,941,000. Geode Capital Management LLC boosted its stake in TFI International by 9.8% in the 2nd quarter. Geode Capital Management LLC now owns 277,978 shares of the company’s stock worth $31,698,000 after purchasing an additional 24,872 shares during the period. CDAM UK Ltd boosted its stake in TFI International by 6.9% in the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock worth $51,932,000 after purchasing an additional 24,730 shares during the period. Argent Capital Management LLC acquired a new position in shares of TFI International during the 3rd quarter worth about $2,545,000. Finally, AGF Management Ltd. boosted its stake in shares of TFI International by 67.5% during the 4th quarter. AGF Management Ltd. now owns 41,139 shares of the company’s stock worth $5,596,000 after buying an additional 16,573 shares during the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Company Profile

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.