TFI International Inc. (NYSE:TFII) Receives Consensus Rating of “Moderate Buy” from Analysts

TFI International Inc. (NYSE:TFII) has been assigned an average rating of “Moderate Buy” from the seventeen analysts that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $168.13.

TFII has been the subject of several research reports. JPMorgan Chase & Co. reduced their target price on TFI International from $184.00 to $181.00 and set an “overweight” rating for the company in a research report on Tuesday. The Goldman Sachs Group dropped 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. CIBC decreased their target price on shares of TFI International from $179.00 to $174.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 1st. Citigroup began coverage on shares of TFI International in a research report on Wednesday. They issued a “buy” rating and a $159.00 price target for the company. Finally, National Bank Financial cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th.

TFI International Stock Up 3.6 %

Shares of TFII opened at $139.27 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. The company has a 50-day simple moving average of $143.67 and a 200-day simple moving average of $144.19. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13. The firm has a market capitalization of $11.79 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.48 and a beta of 1.55.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.71 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $1.59 EPS. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, equities research analysts expect that TFI International will post 6.74 earnings per share for the current year.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, September 30th. TFI International’s payout ratio is presently 28.88%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Industrial Alliance Investment Management Inc. boosted its position in TFI International by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after buying an additional 80 shares during the last quarter. Argent Capital Management LLC boosted its holdings in TFI International by 2.5% in the fourth quarter. Argent Capital Management LLC now owns 20,313 shares of the company’s stock valued at $2,762,000 after acquiring an additional 494 shares during the last quarter. Van ECK Associates Corp increased its position in TFI International by 6.9% in the first quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after purchasing an additional 743 shares during the period. UMB Bank n.a. bought a new stake in TFI International during the 1st quarter worth about $136,000. Finally, NewGen Asset Management Ltd lifted its position in TFI International by 5.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock valued at $2,903,000 after purchasing an additional 1,000 shares during the period. 73.30% of the stock is 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.