Stifel Nicolaus Issues Pessimistic Forecast for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its target price cut by Stifel Nicolaus from $142.00 to $139.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

Other research analysts have also issued reports about the stock. Susquehanna cut their target price on shares of TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a research note on Wednesday, October 23rd. TD Cowen cut their target price on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. CIBC increased their target price on shares of TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a research note on Wednesday, December 4th. Royal Bank of Canada cut their target price on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.00.

TFI International Stock Down 0.4 %

Shares of NYSE TFII opened at $135.37 on Wednesday. The company has a market capitalization of $11.43 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 1.43 and a beta of 1.58. TFI International has a 52-week low of $126.00 and a 52-week high of $162.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98. The company’s 50 day moving average price is $144.19 and its 200-day moving average price is $144.23.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same quarter last year, the firm posted $1.57 EPS. Equities analysts forecast that TFI International will post 5.95 earnings per share for the current year.

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 1.33%. This is an increase from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio is currently 32.73%.

Institutional Trading of TFI International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. raised its holdings in shares of TFI International by 0.4% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock valued at $74,242,000 after purchasing an additional 1,980 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of TFI International by 6.8% in the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after purchasing an additional 22,566 shares during the last quarter. QV Investors Inc. purchased a new stake in shares of TFI International in the third quarter valued at about $29,891,000. Toronto Dominion Bank raised its holdings in shares of TFI International by 37.9% in the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after purchasing an additional 16,510 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its holdings in shares of TFI International by 1,894.5% in the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after purchasing an additional 31,260 shares during the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.