TFI International (NYSE:TFII) Downgraded to “Hold” at Stifel Nicolaus

Stifel Nicolaus lowered shares of TFI International (NYSE:TFII) from a buy rating to a hold rating in a report released on Wednesday morning, Marketbeat reports. They currently have $142.00 target price on the stock, down from their previous target price of $158.00.

Several other research analysts have also recently weighed in on TFII. Royal Bank of Canada boosted their price objective on shares of TFI International from $162.00 to $171.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Stephens reaffirmed an “equal weight” rating and set a $149.00 price target (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered their price objective on TFI International from $184.00 to $181.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Desjardins downgraded shares of TFI International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, National Bank Financial cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.94.

TFI International Price Performance

Shares of TFII stock opened at $131.69 on Wednesday. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13. The stock has a market capitalization of $11.15 billion, a PE ratio of 23.94, a PEG ratio of 1.50 and a beta of 1.55. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.92 and a current ratio of 0.98. The stock’s fifty day moving average is $142.63 and its 200-day moving average is $142.96.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the business posted $1.57 EPS. Equities research analysts expect that TFI International will post 6.64 EPS for the current fiscal year.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.45 dividend. This is an increase from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International’s dividend payout ratio is 29.09%.

Hedge Funds Weigh In On TFI International

Institutional investors have recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. increased its stake in TFI International by 0.4% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock worth $74,242,000 after purchasing an additional 1,980 shares in the last quarter. QV Investors Inc. acquired a new position in shares of TFI International in the third quarter valued at approximately $29,891,000. Toronto Dominion Bank increased its position in shares of TFI International by 17.4% during the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock worth $6,329,000 after acquiring an additional 6,475 shares in the last quarter. AGF Management Ltd. raised its holdings in shares of TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after acquiring an additional 87,223 shares during the period. Finally, NewGen Asset Management Ltd lifted its position in TFI International by 5.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock valued at $2,903,000 after acquiring an additional 1,000 shares in the last quarter. 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.