Citigroup Issues Positive Forecast for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its target price upped by Citigroup from $158.00 to $170.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on TFII. CIBC dropped their price target on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. TD Securities cut their target price on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. National Bankshares lowered their price objective on TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Finally, Bank of America reduced their target price on TFI International from $152.00 to $143.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.56.

TFI International Stock Performance

NYSE:TFII opened at $146.24 on Tuesday. TFI International has a 1-year low of $111.56 and a 1-year high of $162.13. The stock has a market cap of $12.38 billion, a P/E ratio of 26.59, a PEG ratio of 2.01 and a beta of 1.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a 50-day moving average of $139.86 and a two-hundred day moving average of $141.83.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business earned $1.57 EPS. On average, research analysts expect that TFI International will post 6.26 earnings per share for the current fiscal year.

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio (DPR) is 29.09%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. QV Investors Inc. bought a new stake in shares of TFI International during the third quarter valued at approximately $29,891,000. AGF Management Ltd. raised its stake in TFI International by 359.1% during the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after acquiring an additional 87,223 shares in the last quarter. Quantbot Technologies LP boosted its position in TFI International by 295.1% during the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after acquiring an additional 16,047 shares during the period. Hood River Capital Management LLC grew its stake in shares of TFI International by 6.6% in the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after purchasing an additional 13,995 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. increased its holdings in shares of TFI International by 1.3% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 537,835 shares of the company’s stock valued at $78,394,000 after purchasing an additional 6,887 shares during the period. 73.30% of the stock is owned by institutional investors and hedge funds.

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.