TFI International Inc. (NYSE:TFII) Given Average Rating of “Moderate Buy” by Analysts

TFI International Inc. (NYSE:TFII) has been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $145.86.

TFII has been the subject of several research reports. Stephens reduced their price target on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. The Goldman Sachs Group decreased their target price on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Veritas upgraded TFI International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. CIBC lowered their price objective on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research note on Friday, February 21st. Finally, Desjardins raised TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th.

TFI International Trading Down 6.1 %

TFII opened at $77.00 on Friday. The company has a market cap of $6.48 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The company has a fifty day moving average price of $106.98 and a two-hundred day moving average price of $129.52. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. TFI International has a 1-year low of $76.86 and a 1-year high of $162.13.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.54 billion. Analysts predict that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.80 annualized dividend and a yield of 2.34%. TFI International’s payout ratio is currently 36.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. iA Global Asset Management Inc. increased its holdings in shares of TFI International by 1,894.5% in the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after purchasing an additional 31,260 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of TFI International in the 3rd quarter worth approximately $2,373,000. Geode Capital Management LLC increased its stake in shares of TFI International by 6.8% during the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after buying an additional 22,566 shares during the period. Toronto Dominion Bank raised its holdings in shares of TFI International by 37.9% during the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after acquiring an additional 16,510 shares in the last quarter. Finally, Canoe Financial LP purchased a new stake in TFI International in the fourth quarter worth $1,853,000. 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.