TFI International Inc. (NYSE:TFII) Receives $168.56 Consensus PT from Brokerages

TFI International Inc. (NYSE:TFII) has earned an average rating of “Moderate Buy” from the eighteen research firms that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $168.56.

A number of analysts have weighed in on the stock. National Bankshares reduced their price objective on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Stephens reissued an “equal weight” rating and set a $149.00 price target (down previously from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. Bank of America lowered their price objective on TFI International from $152.00 to $143.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Citigroup lifted their target price on TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered their price target on TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd.

TFI International Price Performance

TFII stock opened at $147.37 on Friday. The firm has a 50-day moving average of $140.56 and a 200 day moving average of $142.69. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The company has a market cap of $12.47 billion, a P/E ratio of 26.79, a PEG ratio of 1.93 and a beta of 1.55. TFI International has a 1 year low of $111.72 and a 1 year high of $162.13.

TFI International (NYSE:TFII) last released its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same period in the prior year, the company posted $1.57 earnings per share. On average, sell-side analysts forecast that TFI International will post 6.26 EPS for the current year.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.22%. TFI International’s dividend payout ratio (DPR) is presently 32.73%.

Institutional Investors Weigh In On TFI International

Several hedge funds and other institutional investors have recently modified their holdings of TFII. Industrial Alliance Investment Management Inc. grew its holdings in TFI International by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after purchasing an additional 80 shares during the period. Dixon Mitchell Investment Counsel Inc. increased its holdings in TFI International by 1.3% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 537,835 shares of the company’s stock worth $78,394,000 after acquiring an additional 6,887 shares in the last quarter. Summit Global Investments lifted its holdings in TFI International by 83.7% during the second quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after purchasing an additional 3,012 shares in the last quarter. iA Global Asset Management Inc. bought a new position in shares of TFI International in the second quarter worth approximately $240,000. Finally, NewGen Asset Management Ltd boosted its position in shares of TFI International by 5.3% in the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after purchasing an additional 1,000 shares during the period. 73.30% of the stock is currently 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.