TFI International’s (TFII) Equal Weight Rating Reiterated at Stephens

Stephens reissued their equal weight rating on shares of TFI International (NYSE:TFII) in a report published on Tuesday, MarketBeat Ratings reports. The firm currently has a $149.00 price target on the stock, down from their prior price target of $176.00.

Several other research analysts have also commented on the stock. Bank of America upped their price objective on shares of TFI International from $148.00 to $165.00 and gave the stock a neutral rating in a report on Monday, July 22nd. Stifel Nicolaus upped their price objective on shares of TFI International from $151.00 to $162.00 and gave the stock a buy rating in a report on Wednesday, July 31st. TD Cowen upped their target price on shares of TFI International from $176.00 to $184.00 and gave the stock a buy rating in a research report on Monday, July 29th. CIBC upped their target price on shares of TFI International from $167.00 to $179.00 and gave the stock an outperform rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada upped their target price on shares of TFI International from $162.00 to $171.00 and gave the stock an outperform rating in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, TFI International currently has an average rating of Moderate Buy and a consensus target price of $168.20.

TFI International Trading Up 0.0 %

NYSE:TFII opened at $135.41 on Tuesday. The company has a fifty day moving average of $145.62 and a 200 day moving average of $145.09. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $11.46 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.44 and a beta of 1.55.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business posted $1.59 EPS. The firm’s revenue was up 26.4% compared to the same quarter last year. On average, research analysts predict that TFI International will post 6.83 earnings per share for the current year.

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, September 30th. TFI International’s payout ratio is presently 28.42%.

Institutional Trading of TFI International

A number of institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its holdings in shares of TFI International by 17.4% during the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after acquiring an additional 6,475 shares during the last quarter. AGF Management Ltd. lifted its holdings in shares of TFI International by 359.1% in the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after buying an additional 87,223 shares in the last quarter. NewGen Asset Management Ltd lifted its holdings in shares of TFI International by 5.3% in the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after buying an additional 1,000 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in TFI International in the second quarter worth $240,000. Finally, Summit Global Investments increased its position in TFI International by 83.7% in the second 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 last quarter. 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.