National Bank Financial Upgrades TFI International (NYSE:TFII) to Strong-Buy

National Bank Financial upgraded shares of TFI International (NYSE:TFII) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

A number of other research analysts also recently issued reports on TFII. The Goldman Sachs Group lowered their price target on TFI International from $176.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Citigroup dropped their price target on shares of TFI International from $162.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Susquehanna decreased their price objective on shares of TFI International from $135.00 to $105.00 and set a “positive” rating for the company in a report on Monday, March 31st. Bank of America cut shares of TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday, February 20th. Finally, TD Cowen cut their target price on shares of TFI International from $135.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, TFI International currently has an average rating of “Moderate Buy” and a consensus target price of $143.71.

TFI International Stock Performance

Shares of TFII stock opened at $79.40 on Thursday. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. TFI International has a one year low of $72.02 and a one year high of $162.13. The company’s 50-day moving average is $101.28 and its 200 day moving average is $127.28.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. Sell-side analysts expect that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, March 31st. TFI International’s dividend payout ratio (DPR) is currently 36.00%.

Institutional Investors Weigh In On TFI International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its holdings in TFI International by 124.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after purchasing an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after purchasing an additional 160 shares during the period. Entropy Technologies LP lifted its stake in shares of TFI International by 97.8% during the 4th quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock valued at $1,256,000 after buying an additional 4,595 shares in the last quarter. Legato Capital Management LLC boosted its holdings in TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after buying an additional 859 shares during the period. Finally, Canoe Financial LP purchased a new stake in TFI International in the 4th quarter worth $1,853,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.