TFI International Inc. (NYSE:TFII) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of TFI International Inc. (NYSE:TFII) have been assigned an average rating of “Moderate Buy” from the seventeen brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $161.53.

TFII has been the subject of several recent research reports. CIBC lowered their target price on TFI International from $172.00 to $167.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. TD Cowen dropped their target price on TFI International from $178.00 to $176.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Royal Bank of Canada reduced their price target on shares of TFI International from $173.00 to $162.00 and set an “outperform” rating for the company in a report on Monday, April 29th. National Bank Financial upgraded shares of TFI International from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research report on Friday, April 26th. Finally, Bank of America lifted their price objective on shares of TFI International from $154.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, April 15th.

Institutional Investors Weigh In On TFI International

Several hedge funds and other institutional investors have recently bought and sold shares of TFII. CDAM UK Ltd grew its holdings in shares of TFI International by 6.9% in the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock worth $51,932,000 after acquiring an additional 24,730 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in TFI International in the 1st quarter worth about $42,583,000. Hood River Capital Management LLC raised its holdings in TFI International by 6.6% during the 1st quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after buying an additional 13,995 shares during the period. Argent Capital Management LLC lifted its stake in TFI International by 793.1% during the first quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock valued at $28,927,000 after buying an additional 161,094 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of TFI International by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock worth $27,798,000 after buying an additional 2,914 shares during the period. 73.30% of the stock is currently owned by institutional investors.

TFI International Stock Performance

Shares of TFII opened at $139.83 on Thursday. The stock has a market capitalization of $11.81 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55. The business’s fifty day moving average price is $136.68 and its 200 day moving average price is $140.22. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.66 and a quick ratio of 1.64. TFI International has a 12-month low of $104.91 and a 12-month high of $162.13.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). TFI International had a return on equity of 20.39% and a net margin of 6.44%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.89 billion. Equities research analysts forecast that TFI International will post 6.83 EPS for the current year.

TFI International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, June 28th. TFI International’s dividend payout ratio is presently 28.42%.

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.