TFI International Inc. (NYSE:TFII) Receives $168.56 Average PT from Analysts

TFI International Inc. (NYSE:TFII) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $168.56.

Several analysts have issued reports on TFII shares. TD Securities cut their price objective on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. The Goldman Sachs Group cut their price objective on TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. CIBC cut their price objective on TFI International from $174.00 to $166.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Desjardins cut their price objective on TFI International from $209.00 to $204.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, Susquehanna dropped their price target on TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a research report on Wednesday, October 23rd.

TFI International Price Performance

Shares of NYSE TFII opened at $149.15 on Friday. TFI International has a 1-year low of $111.72 and a 1-year high of $162.13. The business has a 50-day moving average of $140.53 and a 200-day moving average of $142.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.92 and a beta of 1.55.

TFI International (NYSE:TFII) last issued its earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same period in the previous year, the company earned $1.57 EPS. On average, equities analysts anticipate that TFI International will post 6.26 EPS for the current fiscal year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio is presently 29.09%.

Institutional Trading of TFI International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Toronto Dominion Bank raised its holdings in shares of TFI International by 37.9% during the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock worth $8,229,000 after acquiring an additional 16,510 shares in the last quarter. Geode Capital Management LLC raised its holdings in TFI International by 6.8% during the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after buying an additional 22,566 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in TFI International during the third quarter valued at about $2,373,000. iA Global Asset Management Inc. raised its holdings in TFI International by 1,894.5% during the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after buying an additional 31,260 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of TFI International by 295.1% in the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after purchasing an additional 16,047 shares during the last quarter. 73.30% of the stock is currently 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.