TFI International (NYSE:TFII) Upgraded to Buy at Desjardins

Desjardins upgraded shares of TFI International (NYSE:TFII) from a hold rating to a buy rating in a research report sent to investors on Monday morning, Marketbeat.com reports.

TFII has been the subject of several other reports. Stephens reaffirmed an “equal weight” rating and set a $149.00 target price (down from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. TD Securities cut their price target on TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Susquehanna cut their price target on TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price target on TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Citigroup increased their price target on TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.19.

TFI International Trading Down 0.1 %

Shares of TFI International stock opened at $151.80 on Monday. TFI International has a 1 year low of $111.72 and a 1 year high of $162.13. The firm has a market cap of $12.85 billion, a PE ratio of 27.60, a P/E/G ratio of 1.96 and a beta of 1.56. The stock has a fifty day moving average price of $141.79 and a 200-day moving average price of $143.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96.

TFI International (NYSE:TFII) last announced its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the business earned $1.57 earnings per share. Equities research analysts anticipate that TFI International will post 6.26 EPS for the current year.

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. This is a boost from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, December 31st. TFI International’s payout ratio is 32.73%.

Institutional Investors Weigh In On TFI International

A number of large investors have recently made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. grew 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 buying an additional 1,980 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of TFI International by 6.8% during the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after purchasing an additional 22,566 shares in the last quarter. QV Investors Inc. bought a new stake in shares of TFI International during the third quarter valued at approximately $29,891,000. AGF Management Ltd. boosted its position in shares of TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after purchasing an additional 87,223 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of TFI International by 37.9% during the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after purchasing an additional 16,510 shares in the last quarter. 73.30% of the stock is currently owned by 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.