TFI International Inc. (NYSE:TFII) Receives $169.19 Consensus Target Price from Brokerages

Shares of TFI International Inc. (NYSE:TFII) have been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $169.19.

A number of brokerages have recently commented on TFII. National Bankshares dropped their price target on TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. CIBC increased their target price on TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a research note on Wednesday, December 4th. Stifel Nicolaus downgraded TFI International from a “buy” rating to a “hold” rating and reduced their price target for the company from $158.00 to $142.00 in a report on Wednesday, October 23rd. Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd.

Hedge Funds Weigh In On TFI International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank raised its position in TFI International by 37.9% in the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock worth $8,229,000 after acquiring an additional 16,510 shares during the period. Geode Capital Management LLC lifted its position in TFI International by 6.8% during the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after purchasing an additional 22,566 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in TFI International during the third quarter valued at $2,373,000. iA Global Asset Management Inc. grew its holdings in TFI International by 1,894.5% during the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after purchasing an additional 31,260 shares during the period. Finally, Quantbot Technologies LP increased its position in TFI International by 295.1% in the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after buying an additional 16,047 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Trading Down 2.7 %

NYSE TFII opened at $138.25 on Thursday. The stock’s 50 day moving average is $144.19 and its 200 day moving average is $144.57. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $11.70 billion, a PE ratio of 25.14, a P/E/G ratio of 1.97 and a beta of 1.56. TFI International has a twelve month low of $120.79 and a twelve month high of $162.13.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the business earned $1.57 earnings per share. Research analysts forecast that TFI International will post 6.26 earnings per share for the current fiscal year.

TFI International Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 1.30%. This is a positive change from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio is presently 32.73%.

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.