Stephens Reiterates Equal Weight Rating for TFI International (NYSE:TFII)

Stephens reissued their equal weight rating on shares of TFI International (NYSE:TFII) in a research note released on Tuesday morning, MarketBeat Ratings reports. Stephens currently has a $149.00 price objective on the stock, down from their prior price objective of $176.00.

Several other brokerages also recently weighed in on TFII. JPMorgan Chase & Co. raised their price target on TFI International from $170.00 to $184.00 and gave the stock an overweight rating in a report on Monday, July 29th. National Bank Financial downgraded shares of TFI International from a strong-buy rating to a hold rating in a research report on Friday, July 26th. Royal Bank of Canada raised their price target on shares of TFI International from $162.00 to $171.00 and gave the stock an outperform rating in a report on Monday, July 29th. Cormark raised shares of TFI International from a hold rating to a moderate buy rating in a report on Monday, July 15th. Finally, TD Cowen upped their target price on TFI International from $176.00 to $184.00 and gave the company a buy rating in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $168.20.

TFI International Stock Performance

TFII stock opened at $135.83 on Tuesday. TFI International has a one year low of $104.91 and a one year high of $162.13. The firm has a market cap of $11.50 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.47 and a beta of 1.55. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. The firm has a 50-day simple moving average of $145.62 and a two-hundred day simple moving average of $145.09.

TFI International (NYSE:TFII) last posted its earnings results on Thursday, July 25th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. TFI International’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. On average, equities analysts forecast that TFI International will post 6.75 EPS for the current fiscal year.

TFI International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 1.18%. TFI International’s dividend payout ratio (DPR) is 28.42%.

Institutional Investors Weigh In On TFI International

Several large investors have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of TFI International in the first quarter worth approximately $42,583,000. Argent Capital Management LLC boosted its stake in TFI International by 793.1% during the 1st quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock worth $28,927,000 after purchasing an additional 161,094 shares during the last quarter. AGF Management Ltd. grew its holdings in shares of TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after buying an additional 87,223 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of TFI International in the first quarter valued at about $10,118,000. Finally, Hood River Capital Management LLC lifted its stake in shares of TFI International by 6.6% in 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 in the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

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.