TFI International (NYSE:TFII) Price Target Cut to $166.00 by Analysts at CIBC

TFI International (NYSE:TFII) had its price target lowered by CIBC from $174.00 to $166.00 in a research note released on Wednesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

TFII has been the topic of several other research reports. Citigroup initiated coverage on TFI International in a report on Wednesday, October 9th. They issued a “buy” rating and a $159.00 target price on the stock. The Goldman Sachs Group dropped their price objective on TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Stephens reaffirmed an “equal weight” rating and issued a $149.00 price target (down from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Royal Bank of Canada dropped their price target on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, National Bank Financial downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.81.

TFI International Stock Performance

Shares of TFI International stock opened at $133.83 on Wednesday. The business has a 50-day simple moving average of $141.84 and a 200-day simple moving average of $142.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.92 and a current ratio of 0.98. TFI International has a one year low of $106.84 and a one year high of $162.13. The company has a market cap of $11.32 billion, a PE ratio of 23.77, a P/E/G ratio of 1.50 and a beta of 1.55.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS 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 firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm earned $1.57 EPS. On average, equities research analysts forecast that TFI International will post 6.64 EPS for the current fiscal year.

TFI International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from TFI International’s previous quarterly dividend of $0.40. TFI International’s payout ratio is presently 31.97%.

Institutional Investors Weigh In On TFI International

Hedge funds have recently modified their holdings of the stock. Dixon Mitchell Investment Counsel Inc. raised its position 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 worth $74,242,000 after buying an additional 1,980 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of TFI International during the first quarter worth about $42,583,000. Hood River Capital Management LLC raised its holdings in TFI International by 6.6% during the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after purchasing an additional 13,995 shares in the last quarter. QV Investors Inc. acquired a new stake in TFI International in the third quarter valued at about $29,891,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in TFI International by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock valued at $27,798,000 after purchasing an additional 2,914 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

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.