National Bankshares Cuts TFI International (NYSE:TFII) Price Target to $198.00

TFI International (NYSE:TFII) had its target price decreased by National Bankshares from $209.00 to $198.00 in a report issued on Wednesday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other equities analysts have also recently weighed in on TFII. Stifel Nicolaus cut TFI International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $158.00 to $142.00 in a report on Wednesday. Royal Bank of Canada decreased their target price on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday. Susquehanna dropped their price target on shares of TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a research note on Wednesday. Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Finally, Bank of America dropped their target price on TFI International from $152.00 to $143.00 and set a “neutral” rating on the stock in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $167.81.

TFI International Price Performance

TFI International stock opened at $133.83 on Wednesday. The firm has a fifty day moving average of $141.84 and a 200-day moving average of $142.64. TFI International has a 52-week low of $106.84 and a 52-week high of $162.13. 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 capitalization of $11.32 billion, a P/E ratio of 23.77, a PEG ratio of 1.50 and a beta of 1.55.

TFI International (NYSE:TFII) last announced its quarterly 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 company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same quarter in the prior year, the company posted $1.57 earnings per share. As a group, analysts predict that TFI International will post 6.64 EPS for the current year.

TFI International Increases Dividend

The firm 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International’s dividend payout ratio is 31.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TFII. Industrial Alliance Investment Management Inc. raised its stake 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 worth $413,000 after acquiring an additional 80 shares during the period. Van ECK Associates Corp grew its holdings in shares of 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 purchasing an additional 743 shares during the last quarter. NewGen Asset Management Ltd grew its holdings in shares of 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 purchasing an additional 1,000 shares during the last quarter. Steamboat Capital Partners LLC raised its position in shares of TFI International by 1.6% during the 1st quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company’s stock worth $11,214,000 after purchasing an additional 1,086 shares during the period. Finally, iA Global Asset Management Inc. bought a new stake in shares of TFI International in the 2nd quarter worth approximately $240,000. 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.