TFI International Inc. (NYSE:TFII) Receives $169.19 Consensus Target Price from Analysts

Shares of TFI International Inc. (NYSE:TFII) have received an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $169.19.

A number of research analysts recently issued reports on the company. CIBC lifted their target price on TFI International from $166.00 to $176.00 and gave the company an “outperformer” rating in a report on Wednesday, December 4th. TD Securities lowered their price objective on TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Bank of America lowered their price target on shares of TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, Citigroup raised their price objective on shares of TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently modified their holdings of the business. Plato Investment Management Ltd acquired a new stake in TFI International during the 3rd quarter worth $134,000. iA Global Asset Management Inc. acquired a new stake in shares of TFI International during the second quarter worth about $240,000. Entropy Technologies LP purchased a new position in shares of TFI International during the third quarter worth about $643,000. Public Employees Retirement System of Ohio acquired a new position in TFI International in the 3rd quarter valued at about $2,373,000. Finally, NewGen Asset Management Ltd raised its stake in TFI International by 5.3% during 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 during the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Stock Performance

Shares of TFI International stock opened at $138.75 on Thursday. 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 stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.97 and a beta of 1.56. The business has a 50-day moving average of $144.19 and a 200 day moving average of $144.71. TFI International has a 12 month low of $126.00 and a 12 month high of $162.13.

TFI International (NYSE:TFII) last announced its earnings results 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 return on equity of 20.25% and a net margin of 5.67%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the company earned $1.57 earnings per share. As a group, sell-side analysts forecast that TFI International will post 6.26 earnings per share for the current year.

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 1.30%. This is a boost from TFI International’s previous quarterly dividend of $0.40. TFI International’s payout ratio is currently 32.73%.

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.