Brokerages Set TFI International Inc. (NYSE:TFII) Target Price at $170.33

TFI International Inc. (NYSE:TFII) has been assigned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $170.33.

A number of equities analysts have issued reports on TFII shares. CIBC lifted their price objective on shares of TFI International from $167.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. TD Cowen boosted their price target on shares of TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada increased their price objective on shares of TFI International from $162.00 to $171.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. National Bank Financial downgraded TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Desjardins downgraded TFI International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

TFI International Trading Up 0.2 %

TFII opened at $142.91 on Tuesday. TFI International has a fifty-two week low of $104.91 and a fifty-two week high of $162.13. The firm has a market capitalization of $12.09 billion, a PE ratio of 25.38, a P/E/G ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. The company’s 50-day moving average is $148.47 and its 200 day moving average is $145.77.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.61 by $0.10. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.59 earnings per share. As a group, research analysts predict that TFI International will post 6.86 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. TFI International’s dividend payout ratio is presently 28.60%.

Institutional Trading of TFI International

A number of institutional investors have recently modified their holdings of TFII. Hillsdale Investment Management Inc. raised its holdings in TFI International by 1,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after acquiring an additional 4,200 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of TFI International during the 1st quarter valued at $10,118,000. AGF Management Ltd. lifted its holdings in TFI International by 359.1% during the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after purchasing an additional 87,223 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in 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 during the period. Finally, CDAM UK Ltd grew its holdings in TFI International by 6.9% during the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock valued at $51,932,000 after buying an additional 24,730 shares in the last quarter. 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.