TFI International (NYSE:TFII) Hits New 52-Week Low Following Analyst Downgrade

TFI International Inc. (NYSE:TFII)’s share price hit a new 52-week low during mid-day trading on Wednesday after UBS Group lowered their price target on the stock from $107.00 to $88.00. UBS Group currently has a neutral rating on the stock. TFI International traded as low as $78.92 and last traded at $81.30, with a volume of 255549 shares traded. The stock had previously closed at $80.96.

A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets cut their target price on shares of TFI International from $89.00 to $88.00 and set a “market perform” rating for the company in a research note on Friday, April 25th. TD Cowen cut their price target on TFI International from $128.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 25th. Stephens decreased their price objective on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. National Bank Financial raised shares of TFI International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 3rd. Finally, Susquehanna Bancshares decreased their price target on shares of TFI International from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Institutional Investors Weigh In On TFI International

Several hedge funds have recently bought and sold shares of the company. Canoe Financial LP bought a new stake in shares of TFI International in the 4th quarter valued at $1,853,000. Entropy Technologies LP grew its stake in TFI International by 97.8% in the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock valued at $1,256,000 after acquiring an additional 4,595 shares during the period. Legato Capital Management LLC grew its stake in TFI International by 8.9% in the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock valued at $1,414,000 after acquiring an additional 859 shares during the period. Baillie Gifford & Co. bought a new stake in shares of TFI International in the fourth quarter worth about $148,623,000. Finally, Bank of New York Mellon Corp raised its position in shares of TFI International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock worth $10,621,000 after purchasing an additional 4,763 shares during the period. 73.30% of the stock is currently owned by institutional investors and hedge funds.

TFI International Price Performance

The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The company has a fifty day moving average price of $81.42 and a two-hundred day moving average price of $118.50. The firm has a market cap of $6.73 billion, a P/E ratio of 16.02, a PEG ratio of 1.11 and a beta of 1.57.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.19). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.46 billion. Equities analysts anticipate that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Monday, June 30th. TFI International’s dividend payout ratio (DPR) is presently 39.39%.

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.