TFI International (NYSE:TFII) PT Lowered to $174.00 at CIBC

TFI International (NYSE:TFII) had its price target cut by CIBC from $179.00 to $174.00 in a report issued on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently commented on TFII. Stifel Nicolaus boosted their price objective on shares of TFI International from $151.00 to $162.00 and gave the company a buy rating in a research report on Wednesday, July 31st. TD Cowen boosted their price target on shares of TFI International from $176.00 to $184.00 and gave the stock a buy rating in a research report on Monday, July 29th. Cormark raised shares of TFI International from a hold rating to a moderate buy rating in a research report on Monday, July 15th. Stephens reissued an equal weight rating and set a $149.00 price target (down from $176.00) on shares of TFI International in a research report on Tuesday. Finally, National Bank Financial cut shares of TFI International from a strong-buy rating to a hold rating in a research report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $168.20.

TFI International Price Performance

Shares of TFII stock opened at $135.41 on Tuesday. TFI International has a 12-month low of $104.91 and a 12-month high of $162.13. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average of $145.62 and a 200-day moving average of $145.09.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.10. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the business earned $1.59 EPS. The firm’s revenue was up 26.4% on a year-over-year basis. On average, equities research analysts forecast that TFI International will post 6.83 earnings per share for the current year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. TFI International’s payout ratio is presently 28.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TFII. UMB Bank n.a. acquired a new stake in shares of TFI International during the 1st quarter worth approximately $136,000. iA Global Asset Management Inc. bought a new position in TFI International in the 2nd quarter valued at approximately $240,000. Industrial Alliance Investment Management Inc. lifted its stake in TFI International by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after purchasing an additional 80 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in TFI International by 67.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock valued at $522,000 after purchasing an additional 1,542 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its stake in TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors and hedge funds 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.