TFI International (NYSE:TFII) Price Target Lowered to $166.00 at CIBC

TFI International (NYSE:TFII) had its price target trimmed by CIBC from $174.00 to $166.00 in a research note released on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on TFII. The Goldman Sachs Group decreased their price target on shares of TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada lowered their target price on TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday. TD Cowen lifted their target price on TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. decreased their price target on TFI International from $184.00 to $181.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus lowered TFI International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $158.00 to $142.00 in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average target price of $167.94.

TFI International Trading Down 3.1 %

Shares of TFII stock opened at $131.69 on Wednesday. TFI International has a twelve month low of $104.91 and a twelve month high of $162.13. The stock’s fifty day simple moving average is $142.63 and its 200 day simple moving average is $142.96. 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 $11.15 billion, a P/E ratio of 23.94, a P/E/G 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 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the business posted $1.57 earnings per share. As a group, sell-side analysts predict that TFI International will post 6.64 EPS for the current fiscal year.

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.37%. This is an increase from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 31st. TFI International’s dividend payout ratio is presently 29.09%.

Hedge Funds Weigh In On TFI International

Several hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. increased its position in shares of TFI International by 1,200.0% during the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after acquiring an additional 4,200 shares during the last quarter. Toronto Dominion Bank grew its stake in TFI International by 17.4% in the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after purchasing an additional 6,475 shares during the period. Mediolanum International Funds Ltd purchased a new stake in shares of TFI International during the 1st quarter valued at $10,118,000. AGF Management Ltd. raised its stake in shares of TFI International by 359.1% during the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after purchasing an additional 87,223 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of TFI International by 14.3% during the 1st quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock worth $8,699,000 after purchasing an additional 6,808 shares during the period. 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.