CIBC Issues Positive Forecast for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its price target boosted by CIBC from $110.00 to $118.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an outperformer rating on the stock.

Other analysts also recently issued research reports about the company. National Bankshares raised their price objective on TFI International from $132.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Royal Bank of Canada cut their target price on TFI International from $98.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. UBS Group decreased their price target on shares of TFI International from $107.00 to $88.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Susquehanna lowered their price target on shares of TFI International from $105.00 to $100.00 and set a “positive” rating on the stock in a report on Friday, April 25th. Finally, Bank of America raised their price objective on shares of TFI International from $73.00 to $90.00 and gave the stock an “underperform” rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.19.

TFI International Trading Up 0.4%

Shares of TFII stock opened at $89.89 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. TFI International has a 1 year low of $72.02 and a 1 year high of $158.93. The firm’s fifty day simple moving average is $81.64 and its 200 day simple moving average is $113.93. The firm has a market capitalization of $7.50 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.11 and a beta of 1.51.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.19). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.46 billion. As a group, sell-side analysts predict that TFI International will post 7.76 EPS for the current year.

TFI International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, June 30th. This represents a $1.80 annualized dividend and a yield of 2.00%. TFI International’s dividend payout ratio is 39.39%.

Institutional Trading of TFI International

Several hedge funds have recently modified their holdings of TFII. Brown Brothers Harriman & Co. boosted its holdings in shares of TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after acquiring an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after purchasing an additional 160 shares in the last quarter. United Services Automobile Association bought a new stake in shares of TFI International during the first quarter worth $217,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of TFI International by 4.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock worth $698,000 after purchasing an additional 363 shares during the last quarter. Finally, Entropy Technologies LP increased its stake in shares of TFI International by 46.9% in the first quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock valued at $1,058,000 after buying an additional 4,361 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.