Brokerages Set TFI International Inc. (NYSE:TFII) Price Target at $167.81

Shares of TFI International Inc. (NYSE:TFII) have been assigned an average rating of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $167.81.

TFII has been the subject of several analyst reports. Desjardins decreased their price objective on TFI International from $209.00 to $204.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Cormark raised TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. CIBC cut their price target on TFI International from $174.00 to $166.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Susquehanna cut their price target on TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a research report on Wednesday, October 23rd. Finally, National Bank Financial lowered shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th.

Institutional Investors Weigh In On TFI International

Several institutional investors have recently modified their holdings of TFII. Dixon Mitchell Investment Counsel Inc. lifted its position in TFI International by 0.4% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock valued at $74,242,000 after acquiring an additional 1,980 shares during the last quarter. Hood River Capital Management LLC grew its position in TFI International by 6.6% during the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after buying an additional 13,995 shares during the period. QV Investors Inc. acquired a new position in TFI International during the third quarter worth about $29,891,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in TFI International by 1.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock worth $27,798,000 after buying an additional 2,914 shares during the period. Finally, AGF Management Ltd. grew its position in TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after buying an additional 87,223 shares during the period. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Trading Down 1.2 %

Shares of TFII stock opened at $132.22 on Wednesday. TFI International has a 12-month low of $109.35 and a 12-month high of $162.13. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The stock’s 50-day moving average price is $140.49 and its 200-day moving average price is $141.82. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.55.

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

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, December 31st. TFI International’s payout ratio is 29.09%.

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.