TD Cowen Cuts TFI International (NYSE:TFII) Price Target to $128.00

TFI International (NYSE:TFII) had its price objective cut by TD Cowen from $135.00 to $128.00 in a research report report published on Friday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other analysts have also recently commented on TFII. Veritas raised TFI International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Bank of America cut shares of TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. Susquehanna reduced their price objective on shares of TFI International from $170.00 to $135.00 and set a “positive” rating for the company in a research note on Monday, March 3rd. Finally, UBS Group lowered shares of TFI International from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $163.00 to $107.00 in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.86.

TFI International Stock Performance

NYSE:TFII opened at $77.00 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The firm’s fifty day moving average price is $106.98 and its 200 day moving average price is $129.36. TFI International has a 1-year low of $76.86 and a 1-year high of $162.13.

TFI International (NYSE:TFII) last issued its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. On average, sell-side analysts expect that TFI International will post 7.76 EPS for the current year.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Monday, March 31st. TFI International’s dividend payout ratio is presently 36.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFII. Brown Brothers Harriman & Co. raised its position in shares of TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after buying an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after acquiring an additional 160 shares during the last quarter. Entropy Technologies LP lifted its stake in shares of TFI International by 97.8% during the 4th quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock worth $1,256,000 after purchasing an additional 4,595 shares during the period. Legato Capital Management LLC boosted its holdings in shares of TFI International by 8.9% during the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after purchasing an additional 859 shares during the last quarter. Finally, Canoe Financial LP purchased a new stake in shares of TFI International in the fourth quarter valued at $1,853,000. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

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.