TFI International Inc. (NYSE:TFII) Receives $120.29 Consensus PT from Brokerages

TFI International Inc. (NYSE:TFII) has earned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, twelve have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $120.2941.

A number of equities research analysts recently commented on the stock. UBS Group upped their price target on shares of TFI International from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Bank of America upped their price target on shares of TFI International from $90.00 to $92.00 and gave the company an “underperform” rating in a report on Tuesday, July 29th. Citigroup upped their price target on shares of TFI International from $108.00 to $110.00 and gave the company a “buy” rating in a report on Monday. Scotiabank downgraded shares of TFI International from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of TFI International in a research report on Tuesday.

TFI International Trading Down 0.6%

NYSE:TFII opened at $94.76 on Wednesday. The company has a fifty day moving average of $92.31 and a 200 day moving average of $88.29. TFI International has a 52 week low of $72.02 and a 52 week high of $155.12. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $7.80 billion, a P/E ratio of 21.73, a P/E/G ratio of 3.37 and a beta of 1.45.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.10. TFI International had a net margin of 4.48% and a return on equity of 15.45%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. On average, research analysts predict that TFI International will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, September 29th. TFI International’s payout ratio is presently 41.28%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Baskin Financial Services Inc. increased its position in TFI International by 1.7% during the 3rd quarter. Baskin Financial Services Inc. now owns 427,359 shares of the company’s stock valued at $37,582,000 after purchasing an additional 7,207 shares during the period. BNP Paribas Financial Markets increased its position in TFI International by 104.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company’s stock valued at $11,275,000 after purchasing an additional 64,108 shares during the period. Marshall Wace LLP purchased a new position in TFI International during the 2nd quarter valued at $294,000. Kennedy Capital Management LLC increased its position in TFI International by 23.1% during the 2nd quarter. Kennedy Capital Management LLC now owns 96,163 shares of the company’s stock valued at $8,623,000 after purchasing an additional 18,049 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. grew its position in shares of TFI International by 44.4% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company’s stock worth $73,714,000 after buying an additional 251,444 shares during the period. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.