TFI International (NYSE:TFII) PT Lowered to $171.00 at TD Cowen

TFI International (NYSE:TFII) had its target price lowered by TD Cowen from $180.00 to $171.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on TFII. National Bankshares cut their price objective on TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup reduced their price objective on shares of TFI International from $159.00 to $158.00 and set a “buy” rating for the company in a research note on Wednesday. The Goldman Sachs Group lowered their target price on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Susquehanna cut their price target on TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, TFI International presently has a consensus rating of “Moderate Buy” and an average target price of $167.81.

TFI International Stock Performance

Shares of NYSE TFII opened at $133.83 on Wednesday. TFI International has a 12-month low of $106.84 and a 12-month high of $162.13. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average of $141.84 and a 200 day moving average of $142.64.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same quarter last year, the company earned $1.57 earnings per share. On average, research analysts anticipate that TFI International will post 6.64 earnings per share for the current year.

TFI International Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 1.34%. This is a positive change from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio (DPR) is 31.97%.

Institutional Trading of TFI International

Large investors have recently made changes to their positions in the business. iA Global Asset Management Inc. bought a new position in shares of TFI International in the 2nd quarter valued at about $240,000. Industrial Alliance Investment Management Inc. raised its position in TFI International by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after purchasing an additional 80 shares during the period. Hillsdale Investment Management Inc. lifted its stake in shares of TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after purchasing an additional 4,200 shares during the last quarter. Summit Global Investments boosted its holdings in shares of TFI International by 83.7% in the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after purchasing an additional 3,012 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of TFI International by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock valued at $1,835,000 after purchasing an additional 743 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors.

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.