TFI International (NYSE:TFII) Given New $204.00 Price Target at Desjardins

TFI International (NYSE:TFII) had its price target lowered by Desjardins from $209.00 to $204.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other analysts have also recently issued reports about the stock. Susquehanna decreased their target price on shares of TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a research report on Wednesday. Stephens reaffirmed an “equal weight” rating and issued a $149.00 price objective (down from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Cormark raised TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Bank of America lowered their price target on TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective on shares of TFI International from $184.00 to $181.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.94.

TFI International Stock Performance

NYSE:TFII opened at $131.69 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.50 and a beta of 1.55. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13. The stock’s 50 day simple moving average is $142.63 and its two-hundred day simple moving average is $142.96.

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

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. This is a boost 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 currently 29.09%.

Hedge Funds Weigh In On TFI International

Institutional investors have recently made changes to their positions in the company. Industrial Alliance Investment Management Inc. grew its holdings in TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after acquiring an additional 80 shares in the last quarter. Van ECK Associates Corp increased its holdings in TFI International by 6.9% during the first quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock valued at $1,835,000 after buying an additional 743 shares during the period. NewGen Asset Management Ltd increased its holdings in TFI International by 5.3% during the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock valued at $2,903,000 after buying an additional 1,000 shares during the period. Steamboat Capital Partners LLC raised its stake in TFI International by 1.6% in the first quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company’s stock worth $11,214,000 after buying an additional 1,086 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in TFI International during the second quarter worth $240,000. 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.