TFI International Inc. (NYSE:TFII) Receives $161.53 Consensus Price Target from Analysts

Shares of TFI International Inc. (NYSE:TFII) have received an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $161.53.

A number of brokerages have issued reports on TFII. CIBC cut their target price on shares of TFI International from $172.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Bank of America lifted their price target on TFI International from $154.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, April 15th. The Goldman Sachs Group upped their target price on TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. TD Cowen dropped their target price on shares of TFI International from $178.00 to $176.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, Royal Bank of Canada decreased their price target on shares of TFI International from $173.00 to $162.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th.

TFI International Stock Up 2.9 %

Shares of TFII opened at $145.16 on Thursday. TFI International has a fifty-two week low of $104.91 and a fifty-two week high of $162.13. The company’s fifty day moving average is $136.72 and its two-hundred day moving average is $140.62. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.86. The firm has a market cap of $12.26 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.15). The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.89 billion. TFI International had a net margin of 6.44% and a return on equity of 20.39%. Analysts forecast that TFI International will post 6.83 earnings per share for the current year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. TFI International’s payout ratio is 28.42%.

Institutional Investors Weigh In On TFI International

A number of hedge funds have recently modified their holdings of TFII. Cary Street Partners Investment Advisory LLC bought a new stake in shares of TFI International during the third quarter worth $27,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of TFI International by 2.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company’s stock valued at $23,378,000 after acquiring an additional 4,113 shares during the period. Van ECK Associates Corp grew its position in TFI International by 4.4% during the fourth quarter. Van ECK Associates Corp now owns 10,759 shares of the company’s stock worth $1,464,000 after buying an additional 453 shares in the last quarter. Canoe Financial LP lifted its position in shares of TFI International by 3.9% during the 4th quarter. Canoe Financial LP now owns 24,549 shares of the company’s stock valued at $3,339,000 after acquiring an additional 918 shares during the period. Finally, AGF Management Ltd. increased its position in shares of TFI International by 67.5% in the fourth quarter. AGF Management Ltd. now owns 41,139 shares of the company’s stock worth $5,596,000 after purchasing an additional 16,573 shares during the period. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.