TFI International (NYSE:TFII) Price Target Cut to $171.00

TFI International (NYSE:TFII) had its price objective trimmed 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.

Several other brokerages also recently weighed in on TFII. Stephens reiterated an “equal weight” rating and issued a $149.00 price target (down from $176.00) on shares of TFI International in a report on Tuesday, October 1st. National Bankshares reduced their price target on TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a report on Wednesday. Susquehanna reduced their price target on TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a report on Wednesday. National Bank Financial downgraded TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus cut TFI International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $158.00 to $142.00 in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.81.

TFI International Trading Down 0.8 %

Shares of TFII stock opened at $133.82 on Wednesday. TFI International has a 1 year low of $106.84 and a 1 year high of $162.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $141.84 and its two-hundred day simple moving average is $142.51. The company has a market cap of $11.32 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55.

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

TFI International Increases Dividend

The business also recently announced 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. This represents a $1.80 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, December 31st. This is a boost 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

Several hedge funds and other institutional investors have recently bought and sold shares of TFII. Dixon Mitchell Investment Counsel Inc. boosted its position in shares of TFI International by 0.4% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock worth $74,242,000 after purchasing an additional 1,980 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in TFI International in the 1st quarter worth $42,583,000. Hood River Capital Management LLC raised its stake in TFI International by 6.6% in the 1st quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after acquiring an additional 13,995 shares during the last quarter. QV Investors Inc. purchased a new position in TFI International in the 3rd quarter worth $29,891,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in TFI International by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock worth $27,798,000 after acquiring an additional 2,914 shares during the last quarter. Institutional investors own 73.30% of the company’s stock.

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.