Bank of America Increases TFI International (NYSE:TFII) Price Target to $166.00

TFI International (NYSE:TFII) had its target price raised by Bank of America from $154.00 to $166.00 in a report released on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada reissued an outperform rating and set a $155.00 price objective on shares of TFI International in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TFI International in a research report on Monday, January 29th. They set a buy rating and a $175.00 price objective on the stock. The Goldman Sachs Group boosted their price objective on shares of TFI International from $157.00 to $173.00 and gave the company a buy rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. reduced their price objective on shares of TFI International from $133.00 to $132.00 and set an overweight rating on the stock in a research report on Thursday, December 21st. Finally, CIBC boosted their price objective on shares of TFI International from $167.00 to $175.00 and gave the company an outperformer rating in a research report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $159.83.

TFI International Trading Down 1.9 %

Shares of TFII opened at $141.62 on Monday. The firm has a market cap of $11.98 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.58 and a beta of 1.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.25. TFI International has a fifty-two week low of $100.96 and a fifty-two week high of $162.13. The firm has a 50 day moving average price of $151.95 and a 200-day moving average price of $133.33.

TFI International (NYSE:TFII) last issued its earnings results on Friday, February 9th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.67 by $0.04. TFI International had a net margin of 6.71% and a return on equity of 20.92%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts forecast that TFI International will post 7.49 earnings per share for the current year.

TFI International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, March 27th. TFI International’s dividend payout ratio is currently 27.54%.

Hedge Funds Weigh In On TFI International

Several hedge funds and other institutional investors have recently bought and sold shares of TFII. CDAM UK Ltd increased its position in shares of TFI International by 6.9% during the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock valued at $51,932,000 after purchasing an additional 24,730 shares during the last quarter. Geode Capital Management LLC increased its position in shares of TFI International by 9.8% during the 2nd quarter. Geode Capital Management LLC now owns 277,978 shares of the company’s stock valued at $31,698,000 after purchasing an additional 24,872 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of TFI International during the 1st quarter valued at about $42,583,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of TFI International by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company’s stock valued at $23,378,000 after purchasing an additional 4,113 shares during the last quarter. Finally, Amundi increased its position in shares of TFI International by 6.1% during the 4th quarter. Amundi now owns 161,222 shares of the company’s stock valued at $17,286,000 after purchasing an additional 9,262 shares during the last quarter. Institutional investors own 73.30% of the company’s stock.

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.