Bank of America Cuts TFI International (NYSE:TFII) Price Target to $143.00

TFI International (NYSE:TFII) had its target price trimmed by Bank of America from $152.00 to $143.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Desjardins cut TFI International from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Cormark raised TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. CIBC cut their price target on TFI International from $179.00 to $174.00 and set an “outperform” rating for the company in a research note on Tuesday, October 1st. Citigroup assumed coverage on shares of TFI International in a research note on Wednesday, October 9th. They issued a “buy” rating and a $159.00 price objective on the stock. Finally, TD Cowen boosted their target price on shares of TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $166.50.

TFI International Stock Up 0.9 %

TFII stock opened at $135.90 on Tuesday. TFI International has a 1-year low of $104.91 and a 1-year high of $162.13. The business has a fifty day moving average price of $142.83 and a 200-day moving average price of $143.12. The stock has a market capitalization of $11.50 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.51 and a beta of 1.55. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. During the same quarter in the prior year, the firm earned $1.57 earnings per share. Equities analysts forecast that TFI International will post 6.68 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, September 30th. TFI International’s dividend payout ratio (DPR) is 28.42%.

Institutional Investors Weigh In On TFI International

A number of institutional investors have recently bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. lifted its position in shares of 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 in the last quarter. QV Investors Inc. purchased a new position in TFI International in the 3rd quarter worth approximately $29,891,000. Toronto Dominion Bank boosted its stake in TFI International by 17.4% in the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock worth $6,329,000 after purchasing an additional 6,475 shares during the period. AGF Management Ltd. boosted its stake in TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after purchasing an additional 87,223 shares during the period. Finally, NewGen Asset Management Ltd grew its holdings in TFI International by 5.3% during 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. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.