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

TFI International Inc. (NYSE:TFII) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Seven equities research 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 analysts that have updated their coverage on the stock in the last year is $167.81.

Several analysts recently issued reports on the company. Stephens restated an “equal weight” rating and issued a $149.00 price target (down from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. National Bankshares reduced their target price on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. CIBC lowered their price target on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Bank of America dropped their price objective 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. Finally, Royal Bank of Canada lowered their target price 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.

TFI International Price Performance

NYSE:TFII opened at $135.45 on Wednesday. The company has a market cap of $11.46 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.80 and a beta of 1.55. The firm’s fifty day moving average price is $141.39 and its two-hundred day moving average price is $142.09. TFI International has a one year low of $108.53 and a one year high of $162.13. 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 (NYSE:TFII) last released its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company earned $1.57 earnings per share. Equities analysts expect that TFI International will post 6.33 earnings per share for the current year.

TFI International Increases Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio is 31.97%.

Institutional Investors Weigh In On TFI International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dixon Mitchell Investment Counsel Inc. boosted its position in TFI International by 0.4% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock valued at $74,242,000 after buying an additional 1,980 shares in the last quarter. QV Investors Inc. acquired a new stake in shares of TFI International during the 3rd quarter valued at $29,891,000. Toronto Dominion Bank grew its position in TFI International by 17.4% during the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock worth $6,329,000 after acquiring an additional 6,475 shares during the last quarter. AGF Management Ltd. increased its holdings in TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after purchasing an additional 87,223 shares in the last quarter. Finally, NewGen Asset Management Ltd raised its position in TFI International by 5.3% in the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock valued at $2,903,000 after purchasing an additional 1,000 shares during the last quarter. 73.30% of the stock is owned by institutional investors.

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.