TFI International (NYSE:TFII) Upgraded at Zacks Research

Zacks Research upgraded shares of TFI International (NYSE:TFII) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on TFII. Citigroup upped their price objective on TFI International from $131.00 to $143.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. The Goldman Sachs Group lifted their target price on TFI International from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Stifel Nicolaus boosted their target price on shares of TFI International from $113.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, February 19th. BMO Capital Markets reissued a “market perform” rating and set a $115.00 price target on shares of TFI International in a research report on Thursday, February 19th. Finally, TD Cowen restated a “buy” rating and issued a $130.00 price target (up from $112.00) on shares of TFI International in a report on Wednesday, February 18th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, TFI International currently has a consensus rating of “Moderate Buy” and an average target price of $127.75.

TFI International Stock Performance

Shares of TFII stock opened at $122.73 on Monday. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 1.58 and a beta of 1.53. TFI International has a 52-week low of $74.90 and a 52-week high of $127.44. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.88. The company’s 50 day moving average is $113.85 and its 200 day moving average is $103.38.

TFI International (NYSE:TFII) last posted its earnings results on Tuesday, February 17th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.24. TFI International had a return on equity of 13.73% and a net margin of 3.94%.The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.37 billion. On average, sell-side analysts anticipate that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, March 31st. TFI International’s payout ratio is 50.54%.

Institutional Investors Weigh In On TFI International

Institutional investors have recently added to or reduced their stakes in the business. United Services Automobile Association acquired a new position in shares of TFI International during the first quarter valued at about $217,000. Marshall Wace LLP purchased a new stake in TFI International during the 2nd quarter worth approximately $294,000. BNP Paribas Financial Markets increased its stake in TFI International by 104.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company’s stock valued at $11,275,000 after purchasing an additional 64,108 shares in the last quarter. Baskin Financial Services Inc. raised its holdings in shares of TFI International by 1.7% in the third quarter. Baskin Financial Services Inc. now owns 427,359 shares of the company’s stock worth $37,582,000 after buying an additional 7,207 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of TFI International by 9.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,418 shares of the company’s stock worth $1,182,000 after buying an additional 1,143 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.