TFI International (NYSE:TFII) Cut to “Hold” at National Bank Financial

National Bank Financial downgraded shares of TFI International (NYSE:TFII) from a strong-buy rating to a hold rating in a research note published on Friday morning, Zacks.com reports.

TFII has been the subject of a number of other reports. CIBC lifted their price objective on TFI International from $167.00 to $179.00 and gave the company an outperform rating in a report on Monday. Cormark raised TFI International from a hold rating to a moderate buy rating in a report on Monday, July 15th. JPMorgan Chase & Co. lifted their price target on TFI International from $170.00 to $184.00 and gave the company an overweight rating in a report on Monday. Bank of America lifted their price target on TFI International from $148.00 to $165.00 and gave the company a neutral rating in a report on Monday, July 22nd. Finally, The Goldman Sachs Group lifted their price target on TFI International from $157.00 to $173.00 and gave the company a buy rating in a report on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $166.24.

TFI International Stock Down 1.9 %

Shares of NYSE TFII opened at $150.81 on Friday. The stock has a market cap of $12.76 billion, a PE ratio of 26.79, a PEG ratio of 1.65 and a beta of 1.56. The business has a fifty day moving average of $142.84 and a two-hundred day moving average of $143.92. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The business’s revenue was up 26.4% on a year-over-year basis. During the same period last year, the business earned $1.59 earnings per share. As a group, equities research analysts expect that TFI International will post 6.74 earnings per share for the current fiscal year.

TFI International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. TFI International’s payout ratio is currently 28.60%.

Hedge Funds Weigh In On TFI International

Institutional investors have recently modified their holdings of the stock. UMB Bank n.a. acquired a new position in shares of TFI International during the 1st quarter worth about $136,000. Clearbridge Investments LLC acquired a new position in shares of TFI International during the 4th quarter worth about $287,000. Industrial Alliance Investment Management Inc. grew its position in shares of 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 buying an additional 80 shares during the period. Campbell & CO Investment Adviser LLC grew its position in shares of TFI International by 67.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock worth $522,000 after buying an additional 1,542 shares during the period. Finally, Hillsdale Investment Management Inc. grew its position in shares of TFI International by 1,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock worth $726,000 after buying an additional 4,200 shares during the period. 73.30% of the stock is currently 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.