TFI International (NYSE:TFII) Price Target Cut to $94.00 by Analysts at Stifel Nicolaus

TFI International (NYSE:TFII) had its target price decreased by Stifel Nicolaus from $96.00 to $94.00 in a research note published on Tuesday, Marketbeat.com reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other equities analysts have also recently issued reports on the company. Citigroup raised their price objective on TFI International from $108.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Cormark cut TFI International from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Morgan Stanley reduced their price objective on TFI International from $160.00 to $158.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. TD Cowen reduced their price objective on TFI International from $115.00 to $107.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada raised their target price on TFI International from $102.00 to $106.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.53.

TFI International Stock Performance

Shares of TFII opened at $87.90 on Tuesday. The business’s fifty day moving average price is $92.53 and its 200 day moving average price is $89.08. TFI International has a 12-month low of $72.02 and a 12-month high of $155.12. The stock has a market capitalization of $7.23 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 3.17 and a beta of 1.45. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 1.03.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.10. TFI International had a return on equity of 15.45% and a net margin of 4.48%.The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Equities research analysts forecast that TFI International will post 7.76 EPS for the current year.

TFI International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, September 29th. TFI International’s payout ratio is currently 41.28%.

Institutional Investors Weigh In On TFI International

Institutional investors have recently made changes to their positions in the company. United Services Automobile Association acquired a new stake in shares of TFI International during the 1st quarter valued at about $217,000. Marshall Wace LLP acquired a new stake in TFI International in the 2nd quarter worth approximately $294,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in TFI International by 4.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock worth $698,000 after purchasing an additional 363 shares during the last quarter. Entropy Technologies LP lifted its holdings in TFI International by 46.9% in the 1st quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock worth $1,058,000 after purchasing an additional 4,361 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in TFI International in the 3rd quarter worth approximately $3,385,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

TFI International Company Profile

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.