TFI International (NYSE:TFII) Price Target Cut to $93.00 by Analysts at Stifel Nicolaus

TFI International (NYSE:TFII) had its price objective trimmed by Stifel Nicolaus from $94.00 to $93.00 in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also recently issued reports on the stock. Susquehanna cut their target price on shares of TFI International from $115.00 to $105.00 and set a “positive” rating on the stock in a report on Monday. Bank of America raised their target price on shares of TFI International from $90.00 to $92.00 and gave the stock an “underperform” rating in a report on Tuesday, July 29th. Morgan Stanley cut their target price on shares of TFI International from $160.00 to $158.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. UBS Group raised their target price on shares of TFI International from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Finally, Royal Bank Of Canada cut their target price on shares of TFI International from $106.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.27.

TFI International Stock Performance

Shares of TFII stock opened at $89.51 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. TFI International has a fifty-two week low of $72.02 and a fifty-two week high of $155.12. The stock has a 50 day moving average price of $92.09 and a two-hundred day moving average price of $89.54. The company has a market capitalization of $7.37 billion, a P/E ratio of 23.07, a PEG ratio of 4.96 and a beta of 1.48.

TFI International (NYSE:TFII) last issued its earnings results on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.49 billion. Analysts expect that TFI International will post 7.76 earnings per share for the current year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.47 per share. This is a boost from TFI International’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, December 31st. TFI International’s dividend payout ratio is currently 46.39%.

Hedge Funds Weigh In On TFI International

A number of hedge funds and other institutional investors have recently made changes to their positions in TFII. Cornerstone Planning Group LLC raised its holdings in TFI International by 20,080.0% in the third quarter. Cornerstone Planning Group LLC now owns 1,009 shares of the company’s stock worth $89,000 after purchasing an additional 1,004 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in TFI International by 9.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,418 shares of the company’s stock valued at $1,182,000 after buying an additional 1,143 shares during the period. Bank of New York Mellon Corp lifted its position in TFI International by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 78,729 shares of the company’s stock valued at $7,060,000 after buying an additional 1,356 shares during the period. QV Investors Inc. lifted its position in TFI International by 0.8% during the second quarter. QV Investors Inc. now owns 352,781 shares of the company’s stock valued at $31,604,000 after buying an additional 2,685 shares during the period. Finally, United Services Automobile Association purchased a new position in TFI International during the first quarter valued at $217,000. 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.