TFI International (NYSE:TFII) Price Target Raised to $90.00

TFI International (NYSE:TFII) had its price objective increased by Bank of America from $73.00 to $90.00 in a report published on Friday,Benzinga reports. They currently have an underperform rating on the stock.

Several other equities analysts have also weighed in on the company. Stephens cut their target price on TFI International from $138.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. CIBC cut their price target on shares of TFI International from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Susquehanna reduced their price objective on shares of TFI International from $105.00 to $100.00 and set a “positive” rating on the stock in a research note on Friday, April 25th. Royal Bank of Canada lowered their target price on shares of TFI International from $98.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Finally, National Bankshares lifted their price target on shares of TFI International from $132.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, TFI International has a consensus rating of “Moderate Buy” and a consensus target price of $120.69.

TFI International Stock Performance

TFI International stock opened at $90.22 on Friday. The firm has a market capitalization of $7.53 billion, a P/E ratio of 18.04, a P/E/G ratio of 1.11 and a beta of 1.51. The stock has a fifty day moving average price of $81.35 and a two-hundred day moving average price of $114.40. TFI International has a 52-week low of $72.02 and a 52-week high of $158.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96.

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

TFI International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, June 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.00%. TFI International’s dividend payout ratio is currently 39.39%.

Hedge Funds Weigh In On TFI International

Large investors have recently modified their holdings of the business. Baillie Gifford & Co. acquired a new position in TFI International during the fourth quarter valued at approximately $148,623,000. QV Investors Inc. raised its stake in shares of TFI International by 60.6% during the 1st 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. Geode Capital Management LLC boosted its holdings in shares of TFI International by 31.5% in the 4th 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 last quarter. Quantbot Technologies LP grew its stake in shares of TFI International by 877.9% in the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company’s stock valued at $6,077,000 after buying an additional 70,442 shares in the last quarter. Finally, Canoe Financial LP increased its holdings in TFI International by 168.5% during the first quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock worth $2,854,000 after buying an additional 23,131 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.