TFI International (NYSE:TFII) Given New $102.00 Price Target at Royal Bank Of Canada

TFI International (NYSE:TFII) had its target price lowered by Royal Bank Of Canada from $106.00 to $102.00 in a research note issued to investors on Monday morning, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

TFII has been the topic of a number of other reports. Stifel Nicolaus reduced their target price on shares of TFI International from $96.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, October 28th. Morgan Stanley lowered their price objective on TFI International from $160.00 to $158.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Susquehanna lowered their price objective on TFI International from $115.00 to $105.00 and set a “positive” rating for the company in a research report on Monday. JPMorgan Chase & Co. lowered their price objective on TFI International from $116.00 to $104.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Finally, Cormark downgraded TFI International from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.33.

TFI International Trading Down 0.4%

TFII opened at $89.38 on Monday. TFI International has a fifty-two week low of $72.02 and a fifty-two week high of $155.12. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 3.25 and a beta of 1.48. The company’s 50 day moving average price is $92.18 and its two-hundred day moving average price is $89.46.

TFI International (NYSE:TFII) last posted its earnings results on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. TFI International had a net margin of 4.06% and a return on equity of 14.20%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.49 billion. As a group, research analysts predict that TFI International will post 7.76 earnings per share for the current year.

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.47 per share. This is a positive change from TFI International’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, December 31st. TFI International’s dividend payout ratio is presently 46.39%.

Institutional Investors Weigh In On TFI International

Hedge funds and other institutional investors have recently modified their holdings of the company. United Services Automobile Association bought a new stake in shares of TFI International during the first quarter valued at approximately $217,000. Marshall Wace LLP bought a new stake in shares of TFI International during the second quarter valued at approximately $294,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of TFI International by 36.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,275 shares of the company’s stock valued at $1,101,000 after acquiring an additional 3,263 shares in the last quarter. Entropy Technologies LP increased its holdings in shares of TFI International by 46.9% during the first quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock valued at $1,058,000 after acquiring an additional 4,361 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of TFI International during the third quarter valued at approximately $3,385,000. Institutional investors own 73.30% of the company’s stock.

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.