TFI International (NYSE:TFII) Given New $170.00 Price Target at Citigroup

TFI International (NYSE:TFII) had its price objective raised by Citigroup from $158.00 to $170.00 in a report released on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on TFII. National Bank Financial cut TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. TD Cowen lowered their price objective on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. CIBC dropped their price target on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, National Bankshares reduced their price objective on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $168.56.

TFI International Stock Performance

Shares of TFI International stock opened at $143.66 on Tuesday. The firm’s 50 day moving average is $140.03 and its two-hundred day moving average is $141.92. The firm has a market capitalization of $12.16 billion, a P/E ratio of 26.12, a P/E/G ratio of 2.01 and a beta of 1.55. TFI International has a 52 week low of $111.56 and a 52 week high of $162.13. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84.

TFI International (NYSE:TFII) last released its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same period last year, the firm earned $1.57 EPS. Research analysts forecast that TFI International will post 6.26 EPS for the current fiscal year.

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. This is a boost from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International’s dividend payout ratio (DPR) is currently 29.09%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new stake in shares of TFI International during the third quarter worth $134,000. iA Global Asset Management Inc. acquired a new position in shares of TFI International during the 2nd quarter valued at about $240,000. Industrial Alliance Investment Management Inc. lifted its holdings in shares of TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after acquiring an additional 80 shares during the period. Entropy Technologies LP acquired a new stake in shares of TFI International in the third quarter worth approximately $643,000. Finally, Hillsdale Investment Management Inc. grew its holdings in 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 purchasing an additional 4,200 shares during the period. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.