TFI International (NYSE:TFII) Price Target Cut to $128.00 by Analysts at TD Cowen

TFI International (NYSE:TFII) had its price target trimmed by TD Cowen from $135.00 to $128.00 in a research note released on Friday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Stephens dropped their price target on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Royal Bank of Canada dropped their target price on TFI International from $156.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Citigroup reduced their price target on TFI International from $162.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Stifel Nicolaus dropped their price objective on TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Finally, CIBC cut their price objective on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TFI International presently has a consensus rating of “Moderate Buy” and an average price target of $145.86.

TFI International Stock Performance

NYSE TFII opened at $77.00 on Friday. TFI International has a fifty-two week low of $76.86 and a fifty-two week high of $162.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The firm has a market capitalization of $6.48 billion, a P/E ratio of 15.40, a PEG ratio of 1.11 and a beta of 1.62. The stock has a 50-day simple moving average of $106.98 and a two-hundred day simple moving average of $129.52.

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

TFI International Dividend Announcement

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

Institutional Inflows and Outflows

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

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.