TFI International Inc. (NYSE:TFII) Receives $120.29 Consensus Target Price from Brokerages

Shares of TFI International Inc. (NYSE:TFII) have been assigned an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $120.2941.

Several equities research analysts recently weighed in on TFII shares. JPMorgan Chase & Co. decreased their price objective on TFI International from $116.00 to $104.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. CIBC decreased their price objective on TFI International from $110.00 to $109.00 and set an “outperform” rating for the company in a report on Wednesday, September 17th. UBS Group lifted their price objective on TFI International from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Morgan Stanley reduced their target price on TFI International from $160.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Finally, Citigroup lifted their target price on TFI International from $108.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 13th.

TFI International Trading Down 0.2%

Shares of TFII opened at $96.06 on Wednesday. The business has a 50-day moving average of $92.70 and a 200 day moving average of $88.60. TFI International has a fifty-two week low of $72.02 and a fifty-two week high of $155.12. The firm has a market cap of $7.91 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 3.41 and a beta of 1.45. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.05.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.10. TFI International had a return on equity of 15.45% and a net margin of 4.48%.The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. As a group, research analysts forecast that TFI International will post 7.76 EPS for the current year.

TFI International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, September 29th. TFI International’s payout ratio is presently 41.28%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TFII. United Services Automobile Association purchased a new position in shares of TFI International during the first quarter worth about $217,000. Marshall Wace LLP purchased a new position in shares of TFI International during the second quarter worth about $294,000. 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 in the last quarter. Entropy Technologies LP grew its holdings in shares of TFI International by 46.9% during the first quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock worth $1,058,000 after purchasing an additional 4,361 shares in the last quarter. Finally, Canoe Financial LP lifted its position in TFI International by 168.5% in the 1st quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock worth $2,854,000 after buying an additional 23,131 shares during the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.