TFI International (NYSE:TFII) Price Target Cut to $171.00

TFI International (NYSE:TFII) had its price objective cut by TD Cowen from $180.00 to $171.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on TFII. National Bankshares decreased their target price on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Susquehanna decreased their price objective on shares of TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a research report on Wednesday. Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Royal Bank of Canada decreased their price target on TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.94.

TFI International Stock Performance

TFII opened at $131.69 on Wednesday. The company’s 50 day moving average is $142.63 and its 200 day moving average is $142.96. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.50 and a beta of 1.55. TFI International has a 12-month low of $104.91 and a 12-month high of $162.13.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same quarter in the prior year, the business earned $1.57 EPS. On average, equities research analysts predict that TFI International will post 6.64 EPS for the current year.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. This is an increase from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 1.37%. TFI International’s dividend payout ratio is presently 29.09%.

Hedge Funds Weigh In On TFI International

Institutional investors and hedge funds have recently made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. raised its position in shares of TFI International by 0.4% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock valued at $74,242,000 after buying an additional 1,980 shares in the last quarter. QV Investors Inc. bought a new stake in TFI International during the third quarter worth approximately $29,891,000. Toronto Dominion Bank raised its position in TFI International by 17.4% during the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after purchasing an additional 6,475 shares during the period. AGF Management Ltd. lifted its stake in shares of TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after purchasing an additional 87,223 shares during the last quarter. Finally, NewGen Asset Management Ltd boosted its holdings in shares of TFI International by 5.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after purchasing an additional 1,000 shares during the period. 73.30% of the stock is owned by hedge funds and other 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.