TFI International Inc. (NYSE:TFII) Given Average Recommendation of “Moderate Buy” by Brokerages

TFI International Inc. (NYSE:TFII) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $169.19.

Several brokerages have commented on TFII. CIBC lifted their price objective on shares of TFI International from $166.00 to $176.00 and gave the company an “outperformer” rating in a research note on Wednesday, December 4th. Royal Bank of Canada lowered their price target 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. TD Cowen cut their price target on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. The Goldman Sachs Group decreased their price objective on TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, National Bankshares dropped their target price on TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd.

TFI International Stock Performance

Shares of TFII stock opened at $144.46 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 business has a fifty day moving average of $144.05 and a 200 day moving average of $144.54. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.97 and a beta of 1.56. TFI International has a 1 year low of $118.01 and a 1 year high of $162.13.

TFI International (NYSE:TFII) last released its earnings results on Monday, October 21st. The company reported $1.60 EPS 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 firm earned $1.57 EPS. As a group, research analysts expect that TFI International will post 6.26 earnings per share for the current year.

TFI International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. 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. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. TFI International’s dividend payout ratio is currently 32.73%.

Hedge Funds Weigh In On TFI International

Several hedge funds and other institutional investors have recently made changes to their positions in TFII. Plato Investment Management Ltd purchased a new position in TFI International in the 3rd quarter valued at $134,000. iA Global Asset Management Inc. acquired a new position in TFI International during the second quarter worth about $240,000. Entropy Technologies LP acquired a new stake in TFI International in the 3rd quarter valued at about $643,000. Public Employees Retirement System of Ohio purchased a new position in TFI International in the 3rd quarter worth approximately $2,373,000. Finally, NewGen Asset Management Ltd boosted its holdings in shares of TFI International by 5.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.