TFI International (NYSE:TFII) Price Target Raised to $106.00

TFI International (NYSE:TFII) had its price target increased by JPMorgan Chase & Co. from $104.00 to $106.00 in a report released on Monday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently commented on TFII. Bank of America raised their target price on shares of TFI International from $90.00 to $92.00 and gave the stock an “underperform” rating in a report on Tuesday, July 29th. Cormark cut shares of TFI International from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. Susquehanna decreased their target price on shares of TFI International from $115.00 to $105.00 and set a “positive” rating for the company in a report on Monday. Royal Bank Of Canada decreased their target price on shares of TFI International from $106.00 to $102.00 and set an “outperform” rating for the company in a report on Monday. Finally, Morgan Stanley decreased their target price on shares of TFI International from $160.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.27.

TFI International Stock Performance

Shares of TFII opened at $88.83 on Monday. The firm’s 50 day moving average is $91.99 and its 200-day moving average is $89.53. The stock has a market capitalization of $7.31 billion, a P/E ratio of 22.89, a P/E/G ratio of 5.07 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.05. TFI International has a 12-month low of $72.02 and a 12-month high of $155.12.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.49 billion. TFI International had a net margin of 4.06% and a return on equity of 14.20%. Equities research analysts anticipate that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.1%. This is a boost from TFI International’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, December 31st. TFI International’s dividend payout ratio is presently 46.39%.

Institutional Trading of TFI International

A number of institutional investors have recently added to or reduced their stakes in TFII. Dixon Mitchell Investment Counsel Inc. lifted its stake in TFI International by 44.4% in the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company’s stock valued at $73,714,000 after acquiring an additional 251,444 shares during the last quarter. Argent Capital Management LLC lifted its stake in TFI International by 303.4% in the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock valued at $12,811,000 after acquiring an additional 107,451 shares during the last quarter. Geode Capital Management LLC lifted its stake in TFI International by 19.1% in the second quarter. Geode Capital Management LLC now owns 632,426 shares of the company’s stock valued at $57,214,000 after acquiring an additional 101,218 shares during the last quarter. QV Investors Inc. lifted its stake in TFI International by 25.1% in the third quarter. QV Investors Inc. now owns 441,478 shares of the company’s stock valued at $38,862,000 after acquiring an additional 88,697 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in TFI International by 877.9% in the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company’s stock valued at $6,077,000 after acquiring an additional 70,442 shares during the last quarter. 73.30% of the stock is currently 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.