TFI International (NYSE:TFII) Trading Down 5.8% on Analyst Downgrade

Shares of TFI International Inc. (NYSE:TFII) fell 5.8% on Friday after BMO Capital Markets lowered their price target on the stock from $89.00 to $88.00. BMO Capital Markets currently has a market perform rating on the stock. TFI International traded as low as $79.60 and last traded at $79.66. 301,338 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 486,056 shares. The stock had previously closed at $84.53.

Several other research firms have also commented on TFII. Susquehanna Bancshares reduced their price target on TFI International from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday. National Bank Financial raised shares of TFI International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 3rd. Royal Bank of Canada reduced their price target on shares of TFI International from $127.00 to $98.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on TFI International from $120.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, Citigroup reduced their target price on TFI International from $130.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and an average target price of $126.50.

Institutional Trading of TFI International

A number of large investors have recently modified their holdings of TFII. Sumitomo Mitsui Trust Group Inc. grew its stake in TFI International by 4.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock worth $698,000 after purchasing an additional 363 shares in the last quarter. Canoe Financial LP boosted its stake in shares of TFI International by 168.5% in the 1st quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock valued at $2,854,000 after buying an additional 23,131 shares during the period. QV Investors Inc. grew its position in shares of TFI International by 60.6% during the first quarter. QV Investors Inc. now owns 350,096 shares of the company’s stock worth $27,103,000 after buying an additional 132,166 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of TFI International by 7.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company’s stock worth $5,046,000 after buying an additional 2,696 shares during the period. Finally, CDAM UK Ltd raised its holdings in TFI International by 2.5% in the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock valued at $51,483,000 after acquiring an additional 9,200 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Stock Down 5.7 %

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The company has a market cap of $6.69 billion, a PE ratio of 15.94, a P/E/G ratio of 1.11 and a beta of 1.57. The business’s 50 day moving average is $83.27 and its 200-day moving average is $119.96.

TFI International (NYSE:TFII) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.19). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.46 billion. As a group, analysts predict that TFI International Inc. will post 7.76 EPS for the current year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, June 30th. TFI International’s dividend payout ratio (DPR) is presently 39.39%.

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.