Susquehanna Trims TFI International (NYSE:TFII) Target Price to $170.00

TFI International (NYSE:TFII) had its price objective trimmed by Susquehanna from $180.00 to $170.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a positive rating on the stock.

TFII has been the subject of a number of other research reports. Citigroup began coverage on TFI International in a research report on Wednesday, October 9th. They set a “buy” rating and a $159.00 price objective for the company. Desjardins lowered TFI International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. CIBC reduced their price objective on TFI International from $179.00 to $174.00 and set an “outperform” rating for the company in a research report on Tuesday, October 1st. National Bank Financial lowered TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Bank of America reduced their price objective on TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.81.

TFI International Trading Down 0.8 %

TFII opened at $133.83 on Wednesday. The business has a 50 day simple moving average of $141.84 and a two-hundred day simple moving average of $142.64. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.50 and a beta of 1.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.92. TFI International has a one year low of $106.84 and a one year high of $162.13.

TFI International (NYSE:TFII) last released its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same period in the previous year, the company earned $1.57 EPS. Analysts predict that TFI International will post 6.64 EPS for the current year.

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.45 dividend. This is an increase from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International’s dividend payout ratio (DPR) is 31.97%.

Hedge Funds Weigh In On TFI International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. purchased a new position in TFI International during the first quarter valued at $42,583,000. QV Investors Inc. purchased a new position in TFI International during the third quarter valued at $29,891,000. AGF Management Ltd. lifted its position in TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after purchasing an additional 87,223 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in TFI International during the first quarter valued at $10,118,000. Finally, Hood River Capital Management LLC lifted its position 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 valued at $36,180,000 after purchasing an additional 13,995 shares in the last quarter. 73.30% of the stock is currently owned by hedge funds and other 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.