TFI International Inc. (NYSE:TFII) Receives $123.68 Consensus Target Price from Analysts

TFI International Inc. (NYSE:TFII) has been assigned a consensus recommendation of “Buy” from the twenty analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $124.32.

TFII has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of TFI International from $117.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, November 1st. Scotiabank increased their price objective on shares of TFI International from C$150.00 to C$155.00 and gave the stock an “outperform” rating in a research report on Monday, November 1st. Wolfe Research cut shares of TFI International from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 6th. Morgan Stanley raised their price target on shares of TFI International from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, November 2nd. Finally, Susquehanna initiated coverage on shares of TFI International in a research report on Thursday, December 9th. They issued a “positive” rating and a $132.00 price target for the company.

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in TFI International by 12.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 97,547 shares of the company’s stock worth $9,967,000 after acquiring an additional 10,746 shares in the last quarter. Marshall Wace LLP acquired a new stake in TFI International during the 3rd quarter worth $3,855,000. Credit Suisse AG raised its stake in TFI International by 21.9% during the 3rd quarter. Credit Suisse AG now owns 151,676 shares of the company’s stock worth $15,499,000 after acquiring an additional 27,213 shares in the last quarter. Geode Capital Management LLC raised its stake in TFI International by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 35,810 shares of the company’s stock worth $3,735,000 after acquiring an additional 348 shares in the last quarter. Finally, EAM Global Investors LLC acquired a new stake in TFI International during the 3rd quarter worth $1,376,000. Hedge funds and other institutional investors own 58.20% of the company’s stock.

Shares of NYSE:TFII traded down $2.28 during mid-day trading on Friday, reaching $96.56. 213,777 shares of the company were exchanged, compared to its average volume of 217,738. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.83 and a current ratio of 0.85. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 0.51 and a beta of 1.61. The company has a 50-day moving average price of $106.01. TFI International has a 1 year low of $51.13 and a 1 year high of $120.50.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Thursday, October 28th. The company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.16. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TFI International had a net margin of 8.66% and a return on equity of 22.94%. The firm’s quarterly revenue was up 123.7% on a year-over-year basis. During the same quarter last year, the company posted $0.94 EPS. On average, research analysts predict that TFI International will post 4.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 17th. Stockholders of record on Friday, December 31st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from TFI International’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, December 30th. TFI International’s dividend payout ratio (DPR) is presently 19.15%.

About TFI International

TFI International, Inc engages in the provision of freight transportation and logistics services. It operates through the following segments: Package and Courier, Less-Than-Truckload, Truckload, and Logistics. The Package and Courier segment consists of pickup, transport, and delivery of items across North America.

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Analyst Recommendations for TFI International (NYSE:TFII)

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