TFI International Inc. (NYSE:TFII) Receives $167.81 Average PT from Analysts

TFI International Inc. (NYSE:TFII) has earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $167.81.

TFII has been the subject of several research analyst reports. Susquehanna lowered their price objective on shares of TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price objective on shares of TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Stifel Nicolaus downgraded shares of TFI International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $158.00 to $142.00 in a report on Wednesday, October 23rd. Stephens reissued an “equal weight” rating and issued a $149.00 price target (down from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Finally, Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th.

TFI International Trading Down 1.2 %

TFII opened at $132.22 on Wednesday. The company’s 50 day moving average is $140.49 and its 200-day moving average is $141.82. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. TFI International has a 1-year low of $109.35 and a 1-year high of $162.13. The company has a market cap of $11.19 billion, a P/E ratio of 24.04, a PEG ratio of 1.81 and a beta of 1.55.

TFI International (NYSE:TFII) last released its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same quarter in the previous year, the business posted $1.57 EPS. Equities research analysts predict that TFI International will post 6.33 earnings per share for the current fiscal year.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This is a boost from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International’s dividend payout ratio (DPR) is 29.09%.

Institutional Investors Weigh In On TFI International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. increased its position in TFI International by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock valued at $27,798,000 after buying an additional 2,914 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of TFI International by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after purchasing an additional 743 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of TFI International in the 1st quarter worth $10,118,000. Steamboat Capital Partners LLC increased its holdings in shares of TFI International by 1.6% in 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 in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of TFI International by 14.3% in the 1st quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock worth $8,699,000 after purchasing an additional 6,808 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.