TFI International (NYSE:TFII) Price Target Cut to $143.00

TFI International (NYSE:TFII) had its target price lowered by Bank of America from $152.00 to $143.00 in a report released on Tuesday morning, Benzinga reports. Bank of America currently has a neutral rating on the stock.

Several other brokerages have also commented on TFII. Stifel Nicolaus lowered their price objective on shares of TFI International from $162.00 to $158.00 and set a “buy” rating on the stock in a research report on Monday. Stephens reiterated an “equal weight” rating and issued a $149.00 price objective (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. The Goldman Sachs Group decreased their target price on TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada boosted their target price on TFI International from $162.00 to $171.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. cut their price target on TFI International from $184.00 to $181.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.94.

TFI International Stock Performance

TFII stock opened at $134.94 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. The firm has a market cap of $11.42 billion, a PE ratio of 24.53, a P/E/G ratio of 1.50 and a beta of 1.55. The business has a 50 day moving average of $142.09 and a 200-day moving average of $142.83. TFI International has a 12-month low of $104.91 and a 12-month high of $162.13.

TFI International (NYSE:TFII) last announced its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same period in the prior year, the business earned $1.57 earnings per share. As a group, sell-side analysts expect that TFI International will post 6.64 earnings per share for the current year.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.33%. This is a positive change from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 31st. TFI International’s dividend payout ratio is presently 29.09%.

Institutional Trading of TFI International

A number of institutional investors have recently made changes to their positions in the stock. Dixon Mitchell Investment Counsel Inc. increased its holdings in TFI International by 0.4% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock valued at $74,242,000 after purchasing an additional 1,980 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TFI International in the 1st quarter worth approximately $42,583,000. Hood River Capital Management LLC increased its stake in shares of TFI International by 6.6% during the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock valued at $36,180,000 after buying an additional 13,995 shares during the period. QV Investors Inc. bought a new position in shares of TFI International during the third quarter valued at approximately $29,891,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of TFI International by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock worth $27,798,000 after purchasing an additional 2,914 shares during the period. Hedge funds and other institutional investors 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.