TFI International Inc. (NYSE:TFII – Get Free Report) announced a quarterly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.47 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th.
TFI International has raised its dividend by an average of 0.2%annually over the last three years. TFI International has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TFI International to earn $7.23 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 26.0%.
TFI International Stock Performance
Shares of TFII opened at $155.80 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average price is $141.12 and its 200-day moving average price is $119.97. TFI International has a 52 week low of $80.63 and a 52 week high of $167.69. The stock has a market cap of $12.81 billion, a P/E ratio of 43.40, a P/E/G ratio of 1.43 and a beta of 1.62.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. UBS Group upped their price objective on TFI International from $101.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Royal Bank Of Canada upped their price objective on TFI International from $137.00 to $158.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Morgan Stanley upped their price objective on TFI International from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Needham & Company LLC set a $130.00 price objective on TFI International in a research report on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TFI International in a research report on Friday, March 27th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average price target of $152.21.
Check Out Our Latest Report on TFII
TFI International Company Profile
TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.
Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.
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