TFI International Inc. (NYSE:TFII) Receives $167.81 Average PT from Brokerages

Shares of TFI International Inc. (NYSE:TFII) have been assigned an average recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $167.81.

A number of brokerages recently commented on TFII. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. CIBC dropped their target price on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. TD Cowen reduced their price target 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. TD Securities lowered their price objective on shares of TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Susquehanna cut their target price on TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Industrial Alliance Investment Management Inc. increased its stake in shares of TFI International by 3.2% in the first 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 period. Van ECK Associates Corp raised its holdings in 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 during the last quarter. NewGen Asset Management Ltd lifted its position in shares of TFI International by 5.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after purchasing an additional 1,000 shares during the period. Steamboat Capital Partners LLC boosted its stake in shares of TFI International by 1.6% in the 1st quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company’s stock valued at $11,214,000 after purchasing an additional 1,086 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of TFI International in the 2nd quarter valued at $240,000. 73.30% of the stock is owned by institutional investors.

TFI International Stock Performance

NYSE TFII opened at $135.46 on Wednesday. The firm has a 50-day moving average price of $140.15 and a two-hundred day moving average price of $141.66. TFI International has a 12-month low of $109.35 and a 12-month high of $162.13. The company has a market capitalization of $11.47 billion, a P/E ratio of 24.63, a P/E/G ratio of 1.80 and a beta of 1.55. 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 issued its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the firm posted $1.57 earnings per share. Analysts anticipate that TFI International will post 6.33 earnings per share for the current year.

TFI International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.45 dividend. This is a boost from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 1.33%. TFI International’s payout ratio is currently 29.09%.

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.