TFI International (TSE:TFI) Upgraded to “Strong-Buy” by Wolfe Research

Wolfe Research upgraded shares of TFI International (TSE:TFI) to a strong-buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

A number of other research firms have also commented on TFI. Citigroup upgraded shares of TFI International to a strong-buy rating in a research report on Wednesday. Desjardins cut TFI International from a moderate buy rating to a hold rating in a report on Wednesday, July 17th. Stephens lowered TFI International from a strong-buy rating to a hold rating in a report on Tuesday, October 1st. Cormark raised shares of TFI International from a hold rating to a moderate buy rating in a research note on Monday, July 15th. Finally, National Bank Financial lowered shares of TFI International from a strong-buy rating to a hold rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy.

TFI International Price Performance

TFI International (TSE:TFI) last released its quarterly earnings data on Thursday, July 25th. The company reported C$2.34 EPS for the quarter, beating analysts’ consensus estimates of C$2.17 by C$0.17. The firm had revenue of C$3.10 billion during the quarter, compared to the consensus estimate of C$3.14 billion.

TFI International Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.54 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of ∞.