Citigroup Issues Pessimistic Forecast for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its target price trimmed by Citigroup from $130.00 to $95.00 in a research report sent to investors on Tuesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

TFII has been the topic of several other reports. Susquehanna dropped their price objective on shares of TFI International from $135.00 to $105.00 and set a “positive” rating on the stock in a report on Monday, March 31st. TD Cowen decreased their target price on shares of TFI International from $135.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Veritas raised shares of TFI International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, National Bank Financial upgraded TFI International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, TFI International has an average rating of “Moderate Buy” and a consensus price target of $141.21.

TFI International Trading Down 3.7 %

Shares of TFII opened at $73.64 on Tuesday. TFI International has a 1-year low of $72.02 and a 1-year high of $162.13. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.11 and a beta of 1.57. The company has a 50-day moving average of $97.43 and a 200 day moving average of $125.61. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96.

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

TFI International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Monday, March 31st. TFI International’s dividend payout ratio (DPR) is presently 36.00%.

Institutional Investors Weigh In On TFI International

A number of institutional investors have recently made changes to their positions in TFII. Brown Brothers Harriman & Co. grew its stake in shares of TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after buying an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in TFI International by 40.5% in the fourth 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 stake in TFI International by 97.8% in the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock valued at $1,256,000 after buying an additional 4,595 shares in the last quarter. Legato Capital Management LLC lifted its holdings in 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 buying an additional 859 shares during the last quarter. Finally, Canoe Financial LP acquired a new position in shares of TFI International during the 4th quarter worth about $1,853,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.