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

Shares of TFI International Inc. (NYSE:TFII) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $169.19.

Several equities analysts have recently issued reports on the company. Stephens reiterated an “equal weight” rating and issued a $149.00 price objective (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. TD Securities decreased their price target on shares of TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on shares of TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Stifel Nicolaus lowered shares of TFI International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $158.00 to $142.00 in a report on Wednesday, October 23rd. Finally, Bank of America lowered their target price on shares of TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd.

Institutional Trading of TFI International

Institutional investors and hedge funds have recently bought and sold shares of the business. Plato Investment Management Ltd purchased a new position in TFI International during the 3rd quarter worth $134,000. Entropy Technologies LP purchased a new position in shares of TFI International during the third quarter worth about $643,000. Public Employees Retirement System of Ohio purchased a new position in shares of TFI International during the third quarter worth about $2,373,000. Quantbot Technologies LP increased its position in TFI International by 295.1% in the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after acquiring an additional 16,047 shares during the period. Finally, iA Global Asset Management Inc. raised its stake in 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 valued at $4,505,000 after acquiring 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 Stock Up 0.0 %

Shares of NYSE:TFII opened at $133.25 on Monday. The firm’s 50-day moving average is $144.21 and its two-hundred day moving average is $144.36. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. TFI International has a 1 year low of $126.00 and a 1 year high of $162.13. The firm has a market capitalization of $11.28 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.97 and a beta of 1.58.

TFI International (NYSE:TFII) last released its 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 business had revenue of $2.18 billion for 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 company earned $1.57 earnings per share. Analysts predict that TFI International will post 6.26 EPS for the current year.

TFI International Increases Dividend

The firm also recently announced 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 positive change 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 1.35%. TFI International’s dividend payout ratio (DPR) is 32.73%.

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.