TFI International (NYSE:TFII) Price Target Cut to $178.00

TFI International (NYSE:TFII) had its price target reduced by JPMorgan Chase & Co. from $181.00 to $178.00 in a report published on Wednesday, Marketbeat.com reports. They currently have a buy rating on the stock.

TFII has been the topic of a number of other reports. Desjardins dropped their price target on TFI International from $209.00 to $204.00 and set a “hold” rating on the stock in a research report on Wednesday. National Bank Financial downgraded TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada lowered their price target on TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday. The Goldman Sachs Group reduced their price objective on shares of TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.81.

TFI International Stock Performance

Shares of TFI International stock opened at $133.83 on Wednesday. TFI International has a 12 month low of $106.84 and a 12 month high of $162.13. The firm has a market capitalization of $11.32 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.50 and a beta of 1.55. 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 business has a fifty day simple moving average of $141.84 and a two-hundred day simple moving average of $142.64.

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

TFI International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given 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 of this dividend is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.34%. TFI International’s payout ratio is presently 31.97%.

Hedge Funds Weigh In On TFI International

A number of institutional investors have recently bought and sold shares of TFII. Hillsdale Investment Management Inc. grew its holdings in TFI International by 1,200.0% during the first 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 period. Toronto Dominion Bank lifted its position in shares of TFI International by 17.4% during the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after buying an additional 6,475 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of TFI International during the 1st quarter valued at approximately $10,118,000. AGF Management Ltd. grew its stake in shares of TFI International by 359.1% during the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after acquiring an additional 87,223 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in TFI International by 14.3% in the 1st quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock worth $8,699,000 after acquiring an additional 6,808 shares in the last quarter. 73.30% of the stock is owned by institutional investors.

TFI International Company Profile

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.