TFI International (NYSE:TFII) Given New $120.00 Price Target at Cowen

TFI International (NYSE:TFIIGet Rating) had its price target raised by Cowen from $102.00 to $120.00 in a report published on Monday morning, The Fly reports.

TFII has been the topic of several other research reports. National Bank Financial lowered their price target on TFI International from C$146.00 to C$140.00 in a report on Wednesday, July 13th. Credit Suisse Group raised their price objective on shares of TFI International from $103.00 to $126.00 and gave the stock an outperform rating in a research note on Monday. Scotiabank raised their price objective on shares of TFI International from C$135.00 to C$138.00 in a research note on Monday, May 2nd. Royal Bank of Canada raised their price objective on shares of TFI International from $100.00 to $112.00 in a research note on Monday. Finally, Bank of America downgraded shares of TFI International from a buy rating to a neutral rating and set a $95.00 price objective on the stock. in a research note on Friday, April 8th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TFI International presently has a consensus rating of Moderate Buy and an average target price of $126.53.

TFI International Trading Up 0.9 %

Shares of TFII stock opened at $100.85 on Monday. TFI International has a 12 month low of $71.63 and a 12 month high of $120.50. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $82.74 and its two-hundred day moving average is $91.06. The company has a market cap of $8.99 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.76 and a beta of 1.72.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, June 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.07%. TFI International’s payout ratio is presently 14.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Turtle Creek Asset Management Inc. lifted its holdings in shares of TFI International by 52.2% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,684,436 shares of the company’s stock valued at $179,409,000 after acquiring an additional 577,450 shares during the period. AGF Investments Inc. lifted its holdings in shares of TFI International by 619.2% during the fourth quarter. AGF Investments Inc. now owns 405,326 shares of the company’s stock valued at $45,459,000 after acquiring an additional 348,965 shares during the period. QV Investors Inc. bought a new position in shares of TFI International during the second quarter valued at $29,066,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of TFI International by 45.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 332,650 shares of the company’s stock valued at $26,703,000 after buying an additional 103,377 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of TFI International by 19.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 199,932 shares of the company’s stock valued at $21,313,000 after buying an additional 32,344 shares in the last quarter. 60.04% of the stock is owned by institutional investors.

TFI International Company Profile

(Get Rating)

TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.

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