TFI International (NYSE:TFII) Given New $125.00 Price Target at Royal Bank Of Canada

TFI International (NYSE:TFII) had its price objective hoisted by Royal Bank Of Canada from $102.00 to $125.00 in a research report report published on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on TFII. Zacks Research downgraded TFI International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Morgan Stanley reiterated an “overweight” rating and set a $160.00 target price on shares of TFI International in a research report on Monday, December 8th. UBS Group boosted their price target on shares of TFI International from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Stifel Nicolaus raised their price objective on shares of TFI International from $93.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Finally, Citigroup cut their target price on shares of TFI International from $110.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, TFI International has an average rating of “Moderate Buy” and a consensus target price of $113.40.

TFI International Stock Up 1.3%

Shares of NYSE:TFII opened at $105.92 on Monday. The firm has a fifty day moving average price of $91.98 and a two-hundred day moving average price of $91.38. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 6.00 and a beta of 1.50. 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 one year low of $72.02 and a one year high of $141.46.

TFI International (NYSE:TFII) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.49 billion. TFI International had a net margin of 4.06% and a return on equity of 14.20%. Analysts anticipate that TFI International will post 7.76 EPS for the current fiscal 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 paid a $0.47 dividend. This is a positive change from TFI International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.8%. TFI International’s dividend payout ratio is currently 46.39%.

Institutional Trading of TFI International

Several hedge funds have recently added to or reduced their stakes in TFII. United Services Automobile Association bought a new position in shares of TFI International during the first quarter valued at about $217,000. Argent Capital Management LLC grew its position in TFI International by 303.4% during the 2nd 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 last quarter. Baskin Financial Services Inc. grew its position in TFI International by 1.6% during the 2nd quarter. Baskin Financial Services Inc. now owns 420,152 shares of the company’s stock worth $37,711,000 after acquiring an additional 6,786 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in TFI International by 36.2% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,275 shares of the company’s stock worth $1,101,000 after purchasing an additional 3,263 shares during the period. Finally, QV Investors Inc. lifted its position in TFI International by 0.8% in the second quarter. QV Investors Inc. now owns 352,781 shares of the company’s stock valued at $31,604,000 after purchasing an additional 2,685 shares during the last quarter. 73.30% of the stock is owned by institutional investors.

About TFI International

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.