TFI International (NYSE:TFII) Price Target Lowered to $158.00 at Stifel Nicolaus

TFI International (NYSE:TFII) had its price target decreased by Stifel Nicolaus from $162.00 to $158.00 in a report published on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages have also commented on TFII. Royal Bank of Canada raised their price target on TFI International from $162.00 to $171.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. The Goldman Sachs Group cut their target price on TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Citigroup initiated coverage on TFI International in a research note on Wednesday, October 9th. They issued a “buy” rating and a $159.00 target price on the stock. CIBC cut their target price on TFI International from $179.00 to $174.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 1st. Finally, Stephens reiterated an “equal weight” rating and issued a $149.00 target price (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, TFI International presently has a consensus rating of “Moderate Buy” and an average target price of $167.88.

TFI International Stock Down 2.2 %

Shares of TFII opened at $134.70 on Monday. The company has a market cap of $11.40 billion, a PE ratio of 23.93, a P/E/G ratio of 1.51 and a beta of 1.55. The business has a fifty day moving average of $142.83 and a 200 day moving average of $143.12. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

TFI International (NYSE:TFII) last released its earnings results on Thursday, July 25th. The company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.10. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm posted $1.59 earnings per share. The business’s revenue was up 26.4% compared to the same quarter last year. On average, sell-side analysts expect that TFI International will post 6.68 EPS for the current year.

TFI International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, September 30th. TFI International’s payout ratio is currently 28.42%.

Institutional Investors Weigh In On TFI International

Several hedge funds and other institutional investors have recently bought and sold shares of TFII. Industrial Alliance Investment Management Inc. boosted its stake 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 worth $413,000 after buying an additional 80 shares during the period. Van ECK Associates Corp boosted its stake in TFI International by 6.9% during the first quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after buying an additional 743 shares during the period. NewGen Asset Management Ltd boosted its stake in TFI International by 5.3% during the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after buying an additional 1,000 shares during the period. Steamboat Capital Partners LLC boosted its stake in TFI International by 1.6% during the first quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company’s stock worth $11,214,000 after buying an additional 1,086 shares during the period. Finally, iA Global Asset Management Inc. purchased a new position in TFI International during the second quarter worth about $240,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.