Brokerages Set TFI International Inc. (NYSE:TFII) Price Target at $168.56

TFI International Inc. (NYSE:TFII) has received a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $168.56.

A number of brokerages have commented on TFII. Susquehanna cut their price target on shares of TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. CIBC cut their target price 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. JPMorgan Chase & Co. cut their target price on shares of TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their target price on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Stephens reiterated an “equal weight” rating and issued a $149.00 target price (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st.

Hedge Funds Weigh In On TFI International

Large investors have recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. boosted its stake in shares of 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 buying an additional 1,980 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of TFI International by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after buying an additional 22,566 shares during the last quarter. QV Investors Inc. acquired a new stake in TFI International in the 3rd quarter valued at about $29,891,000. AGF Management Ltd. lifted its stake in TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after purchasing an additional 87,223 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in TFI International by 37.9% in the 3rd quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after purchasing an additional 16,510 shares during the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Stock Down 0.5 %

TFII stock opened at $149.15 on Friday. TFI International has a twelve month low of $111.72 and a twelve month high of $162.13. The company has a market cap of $12.62 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.55. The business’s 50-day simple moving average is $140.53 and its 200 day simple moving average is $142.58. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84.

TFI International (NYSE:TFII) last released 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 analyst estimates of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same period last year, the business earned $1.57 earnings per share. On average, research analysts anticipate that TFI International will post 6.26 earnings per share for the current year.

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. 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 is 29.09%.

About TFI International

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.