Citigroup Trims TFI International (NYSE:TFII) Target Price to $158.00

TFI International (NYSE:TFII) had its price target decreased by Citigroup from $159.00 to $158.00 in a research report report published on Wednesday, BayStreet.CA reports. Citigroup currently has a buy rating on the stock.

A number of other brokerages have also issued reports on TFII. Bank of America cut their price objective on shares of TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Susquehanna cut their price objective on shares of TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a report on Wednesday. CIBC cut their price objective on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating for the company in a report on Wednesday. Stifel Nicolaus lowered shares of TFI International from a “buy” rating to a “hold” rating and cut their target price for the company from $158.00 to $142.00 in a report on Wednesday. Finally, The Goldman Sachs Group cut their target price on shares of TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.81.

TFI International Price Performance

NYSE TFII opened at $133.82 on Wednesday. TFI International has a 12 month low of $106.84 and a 12 month high of $162.13. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.50 and a beta of 1.55. The company’s 50 day moving average is $141.84 and its two-hundred day moving average is $142.51. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84.

TFI International (NYSE:TFII) last released its 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). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the business posted $1.57 EPS. As a group, research analysts anticipate that TFI International will post 6.64 earnings per share for the current year.

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.45 dividend. This is an increase from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International’s payout ratio is presently 31.97%.

Institutional Trading of TFI International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. raised its holdings 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. bought a new position in TFI International in the third quarter worth about $29,891,000. Toronto Dominion Bank raised its holdings in TFI International by 17.4% in the second 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 in the last quarter. AGF Management Ltd. grew its stake in shares of TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after acquiring an additional 87,223 shares during the last quarter. Finally, NewGen Asset Management Ltd grew its stake in shares of TFI International by 5.3% during the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after acquiring an additional 1,000 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors.

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.