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

TFI International Inc (TSE:TFI) has earned an average rating of “Moderate Buy” from the four ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.

TFI has been the subject of a number of recent research reports. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Desjardins cut TFI International from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. National Bank Financial downgraded TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Citigroup raised shares of TFI International to a “strong-buy” rating in a research note on Wednesday. Finally, Wolfe Research raised shares of TFI International to a “strong-buy” rating in a report on Wednesday.

TFI International Stock Performance

TFI International (TSE:TFI) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$2.34 earnings per share for the quarter, beating the consensus estimate of C$2.17 by C$0.17. The firm had revenue of C$3.10 billion for the quarter, compared to analysts’ expectations of C$3.14 billion.

TFI International Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.54 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of ∞.