TFI International (NYSE:TFII) Price Target Cut to $198.00 by Analysts at National Bankshares

TFI International (NYSE:TFII) had its target price reduced by National Bankshares from $209.00 to $198.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other brokerages have also weighed in on TFII. Stephens restated an “equal weight” rating and set a $149.00 price objective (down previously from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. CIBC reduced their price target on TFI International from $174.00 to $166.00 and set an “outperform” rating on the stock in a report on Wednesday. Citigroup dropped their price objective on shares of TFI International from $159.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday. National Bank Financial downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada decreased their price target on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.94.

TFI International Stock Down 3.1 %

TFII stock opened at $131.69 on Wednesday. The firm has a 50-day moving average price of $142.63 and a 200-day moving average price of $142.96. TFI International has a 12 month low of $104.91 and a 12 month high of $162.13. 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 stock has a market capitalization of $11.15 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55.

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

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 1.37%. This is a boost from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio (DPR) is currently 29.09%.

Hedge Funds Weigh In On TFI International

Several institutional investors have recently added to or reduced their stakes in TFII. iA Global Asset Management Inc. bought a new stake in shares of TFI International in the 2nd quarter valued at $240,000. Industrial Alliance Investment Management Inc. grew its holdings in TFI International by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after purchasing an additional 80 shares during the period. Hillsdale Investment Management Inc. increased its stake 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 in the last quarter. Summit Global Investments raised its holdings in shares of TFI International by 83.7% during the second quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after purchasing an additional 3,012 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of TFI International by 6.9% during the 1st 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 in the last quarter. 73.30% of the stock is 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.