TFI International (NYSE:TFII) Raised to Strong-Buy at Veritas

Veritas upgraded shares of TFI International (NYSE:TFII) from a hold rating to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on TFII. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada lowered their price target on TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Citigroup lowered their price target on TFI International from $162.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. CIBC lowered their price target on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research note on Friday, February 21st. Finally, The Goldman Sachs Group lowered their price target on TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.93.

TFI International Stock Performance

TFI International stock opened at $83.33 on Tuesday. The stock has a 50-day simple moving average of $113.26 and a 200 day simple moving average of $132.07. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. TFI International has a 12-month low of $80.19 and a 12-month high of $162.13. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.11 and a beta of 1.62.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. On average, research analysts anticipate that TFI International will post 7.76 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Monday, March 31st. TFI International’s dividend payout ratio (DPR) is currently 36.00%.

Hedge Funds Weigh In On TFI International

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in TFI International by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock worth $10,621,000 after acquiring an additional 4,763 shares during the last quarter. Geode Capital Management LLC boosted its position in TFI International by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after acquiring an additional 22,566 shares during the last quarter. Baillie Gifford & Co. acquired a new position in TFI International during the 4th quarter worth approximately $148,623,000. Canoe Financial LP acquired a new stake in shares of TFI International in the 4th quarter valued at approximately $1,853,000. Finally, Quantbot Technologies LP boosted its holdings in shares of TFI International by 295.1% in the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after buying an additional 16,047 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.