TFI International (NYSE:TFII) PT Lowered to $162.00 at Royal Bank of Canada

TFI International (NYSE:TFII) had its price target lowered by Royal Bank of Canada from $173.00 to $162.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. BMO Capital Markets increased their price target on TFI International from $130.00 to $140.00 and gave the company a market perform rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on TFI International in a research note on Monday, January 29th. They issued a buy rating and a $175.00 price objective for the company. Bank of America raised their price objective on TFI International from $154.00 to $166.00 and gave the company a neutral rating in a research note on Monday, April 15th. Morgan Stanley raised their price objective on TFI International from $169.00 to $176.00 and gave the company an overweight rating in a research note on Monday, February 12th. Finally, The Goldman Sachs Group raised their price objective on TFI International from $157.00 to $173.00 and gave the company a buy rating in a research note on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $160.78.

TFI International Price Performance

Shares of TFI International stock opened at $135.78 on Monday. The stock has a 50 day moving average of $151.57 and a 200 day moving average of $134.26. TFI International has a 12 month low of $102.94 and a 12 month high of $162.13. The firm has a market cap of $11.48 billion, a PE ratio of 24.12, a PEG ratio of 1.42 and a beta of 1.52. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). TFI International had a net margin of 6.44% and a return on equity of 20.39%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.89 billion. On average, research analysts expect that TFI International will post 7.47 EPS for the current fiscal year.

TFI International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.60 annualized dividend and a yield of 1.18%. TFI International’s payout ratio is currently 28.42%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Barometer Capital Management Inc. purchased a new position in TFI International during the 3rd quarter worth $1,677,000. Argent Capital Management LLC purchased a new position in TFI International during the 3rd quarter worth $2,545,000. Van ECK Associates Corp increased its holdings in TFI International by 3.4% during the 3rd quarter. Van ECK Associates Corp now owns 10,306 shares of the company’s stock worth $1,324,000 after purchasing an additional 343 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new position in TFI International during the 3rd quarter worth $27,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in TFI International by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company’s stock worth $23,378,000 after purchasing an additional 4,113 shares during the period. 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.