TFI International Inc. (NYSE:TFII) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of TFI International Inc. (NYSE:TFII) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $167.81.

A number of research firms have recently weighed in on TFII. Citigroup dropped their target price on TFI International from $159.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. The Goldman Sachs Group dropped their price objective on shares of TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. National Bank Financial cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, National Bankshares cut their price target on TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd.

TFI International Price Performance

Shares of TFII opened at $132.07 on Wednesday. The company’s fifty day simple moving average is $140.49 and its 200 day simple moving average is $141.71. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 1.80 and a beta of 1.55. TFI International has a 1-year low of $109.35 and a 1-year 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 analysts’ consensus estimates of $1.79 by ($0.19). The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same quarter last year, the business posted $1.57 EPS. On average, research analysts forecast that TFI International will post 6.33 earnings per share for the current fiscal year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.36%. 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 payout ratio is currently 32.73%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TFII. Dixon Mitchell Investment Counsel Inc. increased its position 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. Hood River Capital Management LLC grew its stake in shares of TFI International by 6.6% during the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after buying an additional 13,995 shares during the last quarter. QV Investors Inc. acquired a new position in shares of TFI International during the third quarter worth $29,891,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of TFI International by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock valued at $27,798,000 after acquiring an additional 2,914 shares during the last quarter. Finally, AGF Management Ltd. boosted its holdings in shares of 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. 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.