UBS Group Cuts TFI International (NYSE:TFII) Price Target to $88.00

TFI International (NYSE:TFII) had its target price lowered by UBS Group from $107.00 to $88.00 in a report published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

TFII has been the topic of several other research reports. TD Cowen cut their price target on TFI International from $128.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Veritas upgraded TFI International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. Susquehanna Bancshares cut their price target on TFI International from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group decreased their target price on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Royal Bank of Canada cut their price target on shares of TFI International from $98.00 to $94.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

TFI International Stock Up 2.6 %

NYSE TFII opened at $82.23 on Wednesday. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.11 and a beta of 1.57. TFI International has a 52 week low of $72.02 and a 52 week high of $158.93. The company has a fifty day moving average of $81.23 and a two-hundred day moving average of $118.11. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last released its 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). The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.46 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. On average, analysts predict that TFI International will post 7.76 earnings per share for the current year.

TFI International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.45 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.19%. TFI International’s payout ratio is 39.39%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. acquired a new stake in shares of TFI International during the 4th quarter worth approximately $148,623,000. Geode Capital Management LLC grew its position in TFI International by 31.5% during the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock valued at $64,345,000 after buying an additional 112,455 shares during the period. Baskin Financial Services Inc. grew its position in TFI International by 1.2% during the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company’s stock valued at $32,002,000 after buying an additional 5,092 shares during the period. CDAM UK Ltd increased its holdings in TFI International by 2.5% in the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock valued at $51,483,000 after buying an additional 9,200 shares in the last quarter. Finally, QV Investors Inc. boosted its position in TFI International by 60.6% during the first quarter. QV Investors Inc. now owns 350,096 shares of the company’s stock worth $27,103,000 after purchasing an additional 132,166 shares in the last quarter. 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.