The Goldman Sachs Group Initiates Coverage on TFI International (NASDAQ:TFII)

The Goldman Sachs Group initiated coverage on shares of TFI International (NASDAQ:TFII) in a report published on Tuesday, The Fly reports. The brokerage issued a buy rating on the stock.

Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of TFI International from a hold rating to a strong sell rating in a research note on Wednesday, April 14th. Scotiabank raised their price objective on shares of TFI International from $109.00 to $120.00 and gave the stock an outperform rating in a research note on Friday, April 30th. Morgan Stanley lifted their price objective on shares of TFI International from $100.00 to $105.00 and gave the stock an overweight rating in a research report on Wednesday, May 5th. Cowen lifted their price objective on shares of TFI International from $53.00 to $82.00 and gave the stock an outperform rating in a research report on Tuesday, January 26th. Finally, Royal Bank of Canada lifted their price objective on shares of TFI International from $86.00 to $98.00 and gave the stock an outperform rating in a research report on Thursday, April 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $91.29.

Shares of NASDAQ TFII opened at $89.42 on Tuesday. TFI International has a twelve month low of $25.64 and a twelve month high of $90.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.17 and a quick ratio of 1.16. The firm has a 50-day moving average of $79.80 and a two-hundred day moving average of $64.56.

TFI International (NASDAQ:TFII) last issued its quarterly earnings results on Tuesday, April 27th. The company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.09. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.02 billion. Equities analysts predict that TFI International will post 3.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were paid a dividend of $0.2324 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from TFI International’s previous quarterly dividend of $0.23.

Several large investors have recently modified their holdings of the business. Private Capital Group LLC acquired a new stake in shares of TFI International in the 4th quarter valued at $34,000. Baskin Financial Services Inc. lifted its stake in shares of TFI International by 3.3% in the 4th quarter. Baskin Financial Services Inc. now owns 542,315 shares of the company’s stock valued at $27,894,000 after purchasing an additional 17,541 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of TFI International by 26.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 55,427 shares of the company’s stock valued at $2,845,000 after purchasing an additional 11,466 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of TFI International by 2.3% in the 4th quarter. Toronto Dominion Bank now owns 38,553 shares of the company’s stock valued at $1,979,000 after purchasing an additional 885 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new stake in shares of TFI International in the 4th quarter valued at $601,000. 43.63% of the stock is owned by institutional investors.

TFI International Company Profile

TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.

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Analyst Recommendations for TFI International (NASDAQ:TFII)

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