TFI International (NYSE:TFII) Price Target Raised to C$168.00 at Scotiabank

TFI International (NYSE:TFIIGet Rating) had its target price increased by Scotiabank from C$158.00 to C$168.00 in a research report released on Monday morning, The Fly reports.

Several other equities analysts also recently commented on TFII. Wells Fargo & Company lowered their price objective on shares of TFI International from $111.00 to $100.00 and set an overweight rating for the company in a research note on Monday, October 31st. TheStreet cut shares of TFI International from a b- rating to a c rating in a research report on Monday, August 1st. National Bank Financial reduced their price target on shares of TFI International from C$152.00 to C$150.00 in a research report on Friday, October 21st. TD Securities boosted their price target on shares of TFI International from C$160.00 to C$180.00 in a research report on Monday, October 31st. Finally, Royal Bank of Canada boosted their price target on shares of TFI International from $112.00 to $115.00 and gave the company an outperform rating in a research report on Tuesday, August 23rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $128.11.

TFI International Stock Performance

Shares of NYSE:TFII opened at $103.09 on Monday. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 0.68 and a beta of 1.57. The company has a 50-day moving average price of $96.42 and a 200-day moving average price of $90.94. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.55. TFI International has a 12 month low of $71.63 and a 12 month high of $114.38.

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.35 per share. This is a boost from TFI International’s previous quarterly dividend of $0.27. The ex-dividend date is Thursday, December 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.36%. TFI International’s dividend payout ratio is presently 12.26%.

Institutional Investors Weigh In On TFI International

Institutional investors have recently made changes to their positions in the company. Distillate Capital Partners LLC lifted its position in TFI International by 11.2% during the first quarter. Distillate Capital Partners LLC now owns 2,011 shares of the company’s stock valued at $214,000 after purchasing an additional 203 shares during the period. Cumberland Partners Ltd lifted its position in TFI International by 2.8% during the first quarter. Cumberland Partners Ltd now owns 11,100 shares of the company’s stock valued at $1,183,000 after purchasing an additional 300 shares during the period. FDx Advisors Inc. lifted its position in TFI International by 5.8% during the first quarter. FDx Advisors Inc. now owns 8,228 shares of the company’s stock valued at $876,000 after purchasing an additional 451 shares during the period. United Capital Financial Advisers LLC lifted its position in TFI International by 6.4% during the third quarter. United Capital Financial Advisers LLC now owns 8,130 shares of the company’s stock valued at $736,000 after purchasing an additional 491 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in TFI International by 0.7% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 68,500 shares of the company’s stock valued at $6,262,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 59.79% of the company’s stock.

About TFI International

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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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