TFI International Inc. (NYSE:TFII) Given Average Rating of “Moderate Buy” by Brokerages

TFI International Inc. (NYSE:TFII) has been assigned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $111.2667.

Several brokerages recently issued reports on TFII. Stifel Nicolaus cut their target price on TFI International from $94.00 to $93.00 and set a “hold” rating on the stock in a research report on Tuesday, November 4th. UBS Group raised their price objective on TFI International from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TFI International in a report on Monday. Susquehanna lowered their target price on shares of TFI International from $115.00 to $105.00 and set a “positive” rating for the company in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of TFI International from $104.00 to $106.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd.

TFI International Trading Up 3.4%

TFII opened at $93.02 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.05. TFI International has a fifty-two week low of $72.02 and a fifty-two week high of $155.12. The firm has a market capitalization of $7.64 billion, a PE ratio of 23.97, a P/E/G ratio of 5.10 and a beta of 1.50. The company’s 50-day moving average is $88.72 and its 200 day moving average is $89.94.

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

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.45. TFI International’s dividend payout ratio (DPR) is presently 46.39%.

Institutional Trading of TFI International

A number of institutional investors and hedge funds have recently modified their holdings of TFII. Cornerstone Planning Group LLC boosted its position 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 during the last quarter. Twin Tree Management LP grew its position in TFI International by 6.5% during the third quarter. Twin Tree Management LP now owns 16,527 shares of the company’s stock valued at $1,455,000 after buying an additional 1,013 shares during the period. Sumitomo Mitsui Trust Group Inc. grew 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 increased its holdings 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 worth $7,060,000 after buying an additional 1,356 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in TFI International during the third quarter worth about $207,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.