TFI International (NYSE:TFII) Research Coverage Started at Credit Suisse Group

Credit Suisse Group initiated coverage on shares of TFI International (NYSE:TFIIGet Rating) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm issued an outperform rating and a $103.00 price target on the stock.

TFII has been the subject of several other reports. National Bank Financial cut their price target on shares of TFI International from C$160.00 to C$142.00 in a research report on Tuesday, April 19th. Bank of America lowered shares of TFI International from a buy rating to a neutral rating and set a $95.00 price target for the company. in a research report on Friday, April 8th. Wolfe Research upgraded shares of TFI International from a peer perform rating to an outperform rating and set a $115.00 price target for the company in a research report on Monday, March 14th. Scotiabank upped their price target on shares of TFI International from C$135.00 to C$138.00 in a research report on Monday, May 2nd. Finally, Royal Bank of Canada upped their price target on shares of TFI International from $97.00 to $100.00 and gave the company an outperform rating in a research report on Monday, May 2nd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TFI International has an average rating of Moderate Buy and an average price target of $122.99.

Shares of NYSE:TFII opened at $77.87 on Monday. TFI International has a 52-week low of $71.63 and a 52-week high of $120.50. The firm has a fifty day moving average of $79.89 and a 200 day moving average of $92.77. The firm has a market capitalization of $7.05 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 0.60 and a beta of 1.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.16 and a current ratio of 1.19.

TFI International (NYSE:TFIIGet Rating) last announced its earnings results on Thursday, April 28th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.39. TFI International had a net margin of 8.18% and a return on equity of 26.98%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.03 billion. On average, sell-side analysts forecast that TFI International will post 6.72 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, June 29th. TFI International’s payout ratio is currently 15.17%.

Several hedge funds and other institutional investors have recently made changes to their positions in TFII. Distillate Capital Partners LLC boosted its holdings in TFI International by 11.2% in the first quarter. Distillate Capital Partners LLC now owns 2,011 shares of the company’s stock worth $214,000 after purchasing an additional 203 shares during the last quarter. US Bancorp DE raised its position in shares of TFI International by 1,700.8% during the 1st quarter. US Bancorp DE now owns 4,376 shares of the company’s stock valued at $466,000 after purchasing an additional 4,133 shares during the period. FDx Advisors Inc. raised its position in shares of TFI International by 5.8% during the 1st quarter. FDx Advisors Inc. now owns 8,228 shares of the company’s stock valued at $876,000 after purchasing an additional 451 shares during the period. Metatron Capital SICAV plc bought a new stake in TFI International in the 4th quarter valued at $965,000. Finally, Cumberland Partners Ltd increased its holdings in TFI International by 2.8% in the 1st quarter. Cumberland Partners Ltd now owns 11,100 shares of the company’s stock valued at $1,183,000 after acquiring an additional 300 shares during the last quarter. 60.04% of the stock is owned by institutional investors and hedge funds.

About TFI International (Get Rating)

TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.

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