TFI International Inc. (NYSE:TFII) Receives $169.19 Average Price Target from Analysts

Shares of TFI International Inc. (NYSE:TFII) have received an average rating of “Moderate Buy” from the seventeen research firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $169.00.

TFII has been the topic of a number of recent research reports. Royal Bank of Canada lowered their price target on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Susquehanna lowered their target price on TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a report on Wednesday, October 23rd. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus reduced their price objective on TFI International from $142.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Bank of America dropped their target price on TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Toronto Dominion Bank lifted its stake in TFI International by 17.4% during the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock worth $6,329,000 after acquiring an additional 6,475 shares in the last quarter. Geode Capital Management LLC increased its stake in TFI International by 6.8% during the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after purchasing an additional 22,566 shares during the period. Entropy Technologies LP acquired a new stake in shares of TFI International during the third quarter worth about $643,000. Quantbot Technologies LP boosted its stake in shares of TFI International by 295.1% in the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after purchasing an additional 16,047 shares during the period. Finally, iA Global Asset Management Inc. grew its holdings in shares of TFI International by 1,894.5% in the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after purchasing an additional 31,260 shares in the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Stock Performance

Shares of NYSE:TFII opened at $135.89 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. TFI International has a 1 year low of $126.00 and a 1 year high of $162.13. The firm has a market capitalization of $11.47 billion, a PE ratio of 24.71, a P/E/G ratio of 1.97 and a beta of 1.58. The business’s 50 day moving average price is $144.19 and its 200-day moving average price is $144.23.

TFI International (NYSE:TFII) last announced its 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 return on equity of 20.25% and a net margin of 5.67%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm earned $1.57 EPS. As a group, equities research analysts expect that TFI International will post 6.26 earnings per share for the current fiscal year.

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.45 dividend. This is a positive change from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 1.32%. TFI International’s payout ratio is presently 32.73%.

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.