TFI International (NYSE:TFII) PT Lowered to $181.00

TFI International (NYSE:TFII) had its target price decreased by JPMorgan Chase & Co. from $184.00 to $181.00 in a report released on Tuesday morning, BayStreet.CA reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

TFII has been the topic of several other research reports. TD Cowen lifted their target price on TFI International from $176.00 to $184.00 and gave the company a buy rating in a research report on Monday, July 29th. Bank of America lifted their target price on TFI International from $148.00 to $165.00 and gave the company a neutral rating in a research report on Monday, July 22nd. Desjardins cut TFI International from a buy rating to a hold rating in a research report on Wednesday, July 17th. Stifel Nicolaus lifted their target price on TFI International from $151.00 to $162.00 and gave the company a buy rating in a research report on Wednesday, July 31st. Finally, National Bank Financial cut TFI International from a strong-buy rating to a hold rating in a research report on Friday, July 26th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $168.13.

TFI International Trading Down 1.1 %

Shares of TFI International stock opened at $134.46 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13. The stock has a 50 day moving average price of $143.82 and a two-hundred day moving average price of $144.33. The stock has a market capitalization of $11.38 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the firm posted $1.59 earnings per share. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. As a group, equities analysts anticipate that TFI International will post 6.74 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.40 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. TFI International’s payout ratio is presently 28.88%.

Institutional Trading of TFI International

Hedge funds have recently made changes to their positions in the company. Hillsdale Investment Management Inc. raised its stake in shares of TFI International by 1,200.0% in the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after buying an additional 4,200 shares during the period. Toronto Dominion Bank raised its stake 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 purchasing an additional 6,475 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of TFI International during the 1st quarter valued at $10,118,000. AGF Management Ltd. raised 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 purchasing an additional 87,223 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of TFI International by 14.3% during the 1st quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock valued at $8,699,000 after purchasing an additional 6,808 shares during the period. 73.30% of the stock is currently owned by 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.