TFI International (NYSE:TFII) PT Lowered to $162.00 at Royal Bank of Canada

TFI International (NYSE:TFII) had its target price lowered by Royal Bank of Canada from $173.00 to $162.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on the stock. Morgan Stanley raised their price target on shares of TFI International from $169.00 to $176.00 and gave the company an overweight rating in a research note on Monday, February 12th. The Goldman Sachs Group raised their price target on shares of TFI International from $157.00 to $173.00 and gave the company a buy rating in a research note on Thursday, April 11th. Stifel Nicolaus lifted their target price on shares of TFI International from $148.00 to $149.00 and gave the stock a buy rating in a research note on Wednesday, January 10th. BMO Capital Markets lifted their target price on shares of TFI International from $130.00 to $140.00 and gave the stock a market perform rating in a research note on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of TFI International in a research note on Monday, January 29th. They set a buy rating and a $175.00 target price for the company. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $160.78.

TFI International Stock Performance

NYSE TFII opened at $129.79 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 1.41 and a beta of 1.52. The firm’s 50 day simple moving average is $151.29 and its 200 day simple moving average is $134.32. TFI International has a 1 year low of $102.94 and a 1 year high of $162.13.

TFI International (NYSE:TFII) last issued its earnings results on Thursday, April 25th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.89 billion. TFI International had a net margin of 6.44% and a return on equity of 20.39%. As a group, research analysts expect that TFI International will post 7.41 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Wednesday, March 27th. TFI International’s dividend payout ratio is currently 28.42%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TFII. SG Americas Securities LLC acquired a new position in shares of TFI International during the third quarter valued at about $257,000. Argent Capital Management LLC acquired a new position in shares of TFI International during the third quarter valued at about $2,545,000. Barometer Capital Management Inc. acquired a new position in shares of TFI International during the third quarter valued at about $1,677,000. Van ECK Associates Corp grew its holdings in shares of TFI International by 3.4% during the third quarter. Van ECK Associates Corp now owns 10,306 shares of the company’s stock valued at $1,324,000 after buying an additional 343 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in TFI International during the third quarter worth about $27,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.