TFI International Inc. (NYSE:TFII) Receives Average Rating of “Moderate Buy” from Analysts

TFI International Inc. (NYSE:TFII) has been given a consensus recommendation of “Moderate Buy” by the twenty-two brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, eleven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $111.2667.

TFII has been the subject of several research analyst reports. Bank of America lifted their price target on shares of TFI International from $90.00 to $92.00 and gave the company an “underperform” rating in a research note on Tuesday, July 29th. TD Cowen decreased their target price on TFI International from $115.00 to $107.00 and set a “buy” rating for the company in a research report on Tuesday, July 29th. Zacks Research lowered TFI International from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. UBS Group boosted their price objective on TFI International from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TFI International in a research report on Tuesday, October 14th.

TFI International Price Performance

Shares of TFII opened at $87.20 on Friday. The firm has a market cap of $7.16 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 4.94 and a beta of 1.48. TFI International has a 52-week low of $72.02 and a 52-week high of $155.12. The business’s 50 day moving average price is $91.66 and its two-hundred day moving average price is $89.66. 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 (NYSE:TFII) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, beating 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 company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.49 billion. On average, equities analysts anticipate that TFI International will post 7.76 EPS for the current year.

TFI International Increases Dividend

The firm 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 an increase 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 2.2%. The ex-dividend date is Wednesday, December 31st. TFI International’s dividend payout ratio is 46.39%.

Hedge Funds Weigh In On TFI International

Several large investors have recently added to or reduced their stakes in TFII. Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of TFI International by 44.4% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company’s stock worth $73,714,000 after buying an additional 251,444 shares during the last quarter. Argent Capital Management LLC raised its position in TFI International by 303.4% in the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock worth $12,811,000 after acquiring an additional 107,451 shares during the period. Geode Capital Management LLC boosted its stake in TFI International by 19.1% in the second quarter. Geode Capital Management LLC now owns 632,426 shares of the company’s stock valued at $57,214,000 after acquiring an additional 101,218 shares during the last quarter. QV Investors Inc. grew its position in shares of TFI International by 25.1% during the 3rd quarter. QV Investors Inc. now owns 441,478 shares of the company’s stock valued at $38,862,000 after acquiring an additional 88,697 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of TFI International by 877.9% during the 1st quarter. Quantbot Technologies LP now owns 78,466 shares of the company’s stock worth $6,077,000 after purchasing an additional 70,442 shares during the last quarter. Institutional investors own 73.30% of the company’s stock.

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.