TFI International Inc. (NYSE:TFII) Receives Average Recommendation of “Moderate Buy” from Analysts

TFI International Inc. (NYSE:TFII) has been given an average rating of “Moderate Buy” by the eighteen brokerages that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $168.56.

A number of research firms recently issued reports on TFII. TD Cowen reduced their price objective on TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group reduced their price objective on TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Stephens reissued an “equal weight” rating and set a $149.00 price objective (down previously from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. Bank of America reduced their price objective on TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus cut TFI International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $158.00 to $142.00 in a research report on Wednesday, October 23rd.

Institutional Trading of TFI International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Industrial Alliance Investment Management Inc. raised its position in shares of TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after acquiring an additional 80 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of TFI International in the 3rd quarter valued at $134,000. NewGen Asset Management Ltd increased its position in shares of TFI International by 5.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock valued at $2,903,000 after buying an additional 1,000 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in shares of TFI International in the 2nd quarter valued at $240,000. Finally, Dixon Mitchell Investment Counsel Inc. increased its position in shares of TFI International by 0.4% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock valued at $74,242,000 after buying an additional 1,980 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Stock Performance

Shares of TFI International stock opened at $148.73 on Friday. The stock has a market cap of $12.59 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.91 and a beta of 1.55. The business has a fifty day simple moving average of $140.43 and a 200-day simple moving average of $142.43. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. TFI International has a 12 month low of $111.72 and a 12 month high of $162.13.

TFI International (NYSE:TFII) last issued its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). The business had revenue of $2.18 billion during the quarter, compared to analyst estimates 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 last year, the business earned $1.57 EPS. On average, sell-side analysts anticipate that TFI International will post 6.26 EPS for the current fiscal year.

TFI International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.40. TFI International’s payout ratio is 29.09%.

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.