Citigroup Initiates Coverage on TFI International (NYSE:TFII)

Citigroup initiated coverage on shares of TFI International (NYSE:TFII) in a report issued on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $159.00 target price on the stock.

A number of other brokerages have also recently issued reports on TFII. National Bank Financial cut TFI International from a strong-buy rating to a hold rating in a report on Friday, July 26th. Royal Bank of Canada lifted their price target on shares of TFI International from $162.00 to $171.00 and gave the company an outperform rating in a report on Monday, July 29th. Bank of America boosted their target price on TFI International from $148.00 to $165.00 and gave the stock a neutral rating in a report on Monday, July 22nd. Stifel Nicolaus increased their price objective on shares of TFI International from $151.00 to $162.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Finally, Desjardins cut shares of TFI International from a buy rating to a hold rating in a research report on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $168.13.

TFI International Price Performance

Shares of TFI International stock opened at $139.27 on Wednesday. The firm has a market cap of $11.79 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55. The firm’s 50-day simple moving average is $143.67 and its 200-day simple moving average is $144.09. TFI International has a twelve month low of $104.91 and a twelve month high of $162.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94.

TFI International (NYSE:TFII) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.10. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 EPS. As a group, research analysts expect that TFI International will post 6.71 EPS for the current fiscal year.

TFI International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Monday, September 30th. TFI International’s dividend payout ratio (DPR) is currently 28.88%.

Institutional Trading of TFI International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hillsdale Investment Management Inc. grew its holdings in TFI International by 1,200.0% during the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after purchasing an additional 4,200 shares during the period. Toronto Dominion Bank increased its position in shares of TFI International by 17.4% in the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after buying an additional 6,475 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in TFI International during the 1st quarter worth $10,118,000. AGF Management Ltd. lifted its holdings in 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 acquiring an additional 87,223 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in TFI International by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock valued at $8,699,000 after acquiring an additional 6,808 shares during the period. 73.30% of the stock is owned by 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.