TFI International Inc. (NYSE:TFII) Receives Average Rating of “Moderate Buy” from Brokerages

TFI International Inc. (NYSE:TFII) has been assigned a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $168.56.

TFII has been the subject of a number of analyst reports. Citigroup increased their price target on TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Bank of America reduced their target price on TFI International from $152.00 to $143.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. National Bankshares reduced their target price on TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. TD Securities reduced their target price on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. reduced their target price on TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd.

TFI International Price Performance

TFII stock opened at $148.73 on Friday. The firm has a market cap of $12.59 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 1.91 and a beta of 1.55. TFI International has a 1 year low of $111.72 and a 1 year 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 stock has a 50-day simple moving average of $140.43 and a 200-day simple moving average of $142.43.

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

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. TFI International’s dividend payout ratio (DPR) is 29.09%.

Hedge Funds Weigh In On TFI International

Several hedge funds have recently modified their holdings of the company. Toronto Dominion Bank increased its position in shares of TFI International by 37.9% during the 3rd 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 period. Geode Capital Management LLC boosted its stake in shares of TFI International by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after acquiring an additional 22,566 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of TFI International during the 3rd quarter worth $2,373,000. iA Global Asset Management Inc. boosted its stake in shares of TFI International by 1,894.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after acquiring an additional 31,260 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of TFI International by 295.1% during the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after acquiring an additional 16,047 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.