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

Shares of TFI International Inc. (NYSE:TFII) have been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $169.19.

TFII has been the subject of a number of research analyst reports. TD Cowen decreased their price target on TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group lowered their target price on shares of TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada cut their price target on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. CIBC lifted their price objective on shares of TFI International from $166.00 to $176.00 and gave the company an “outperformer” rating in a report on Wednesday, December 4th. Finally, National Bankshares dropped their target price on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd.

TFI International Trading Down 3.6 %

TFII stock opened at $144.46 on Thursday. TFI International has a twelve month low of $118.01 and a twelve month high of $162.13. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.97 and a beta of 1.56. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. The firm’s fifty day simple moving average is $144.05 and its two-hundred day simple moving average is $144.54.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same quarter in the previous year, the company posted $1.57 earnings per share. As a group, analysts anticipate that TFI International will post 6.26 earnings per share for the current 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 issued a $0.45 dividend. This is a boost from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International’s dividend payout ratio (DPR) is currently 32.73%.

Hedge Funds Weigh In On TFI International

Institutional investors and hedge funds have recently bought and sold shares of the company. iA Global Asset Management Inc. acquired a new stake in shares of TFI International in the 2nd quarter worth $240,000. NewGen Asset Management Ltd boosted its holdings in TFI International by 5.3% in the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after acquiring an additional 1,000 shares in the last quarter. AGF Management Ltd. grew its stake in shares of TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after acquiring an additional 87,223 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of TFI International by 17.4% during the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after acquiring an additional 6,475 shares in the last quarter. Finally, QV Investors Inc. acquired a new position in shares of TFI International during the third quarter valued at about $29,891,000. 73.30% of the stock is 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.