TFI International (NYSE:TFII) Trading Up 5.7% – Time to Buy?

TFI International Inc. (NYSE:TFII) traded up 5.7% during trading on Friday . The stock traded as high as $79.49 and last traded at $80.21. 523,222 shares traded hands during mid-day trading, an increase of 71% from the average session volume of 305,507 shares. The stock had previously closed at $75.85.

Analyst Ratings Changes

A number of brokerages have issued reports on TFII. CIBC cut their price target on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a report on Friday, February 21st. Veritas raised TFI International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. Susquehanna lowered their price target on TFI International from $135.00 to $105.00 and set a “positive” rating for the company in a research report on Monday, March 31st. UBS Group cut TFI International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $163.00 to $107.00 in a report on Friday, February 21st. Finally, Bank of America cut TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $143.71.

TFI International Price Performance

The firm has a market cap of $6.68 billion, a P/E ratio of 15.88, a PEG ratio of 1.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The stock’s 50-day simple moving average is $101.28 and its two-hundred day simple moving average is $127.14.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. Equities research analysts forecast that TFI International Inc. will post 7.76 earnings per share for the current fiscal year.

TFI International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, March 31st. TFI International’s dividend payout ratio is presently 36.00%.

Hedge Funds Weigh In On TFI International

Several hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. increased its stake in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after purchasing an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after acquiring an additional 160 shares during the period. Legato Capital Management LLC raised its stake in TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after acquiring an additional 859 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in TFI International by 7.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company’s stock worth $5,046,000 after acquiring an additional 2,696 shares during the last quarter. Finally, Amundi lifted its position in TFI International by 2.4% during the 4th quarter. Amundi now owns 181,202 shares of the company’s stock worth $24,134,000 after acquiring an additional 4,266 shares during the period. Institutional investors and hedge funds 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.