TFI International (NYSE:TFII) Price Target Lowered to $181.00 at JPMorgan Chase & Co.

TFI International (NYSE:TFII) had its price objective trimmed by JPMorgan Chase & Co. from $184.00 to $181.00 in a research note published on Tuesday morning, BayStreet.CA reports. The brokerage currently has an overweight rating on the stock.

Other analysts also recently issued reports about the stock. Cormark raised shares of TFI International from a hold rating to a moderate buy rating in a report on Monday, July 15th. Bank of America boosted their target price on shares of TFI International from $148.00 to $165.00 and gave the company a neutral rating in a research note on Monday, July 22nd. Stifel Nicolaus boosted their target price on shares of TFI International from $151.00 to $162.00 and gave the company a buy rating in a research note on Wednesday, July 31st. CIBC decreased their target price on shares of TFI International from $179.00 to $174.00 and set an outperform rating for the company in a research note on Tuesday, October 1st. Finally, Stephens reiterated an equal weight rating and issued a $149.00 target price (down from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $168.13.

TFI International Stock Up 3.6 %

TFII stock opened at $139.27 on Tuesday. The firm’s fifty day simple moving average is $143.67 and its 200-day simple moving average is $144.19. The company has a market capitalization of $11.79 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. TFI International has a 12 month low of $104.91 and a 12 month high of $162.13.

TFI International (NYSE:TFII) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.61 by $0.10. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS. As a group, equities research analysts forecast that TFI International will post 6.74 earnings per share for the current year.

TFI International Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 1.15%. The ex-dividend date is Monday, September 30th. TFI International’s payout ratio is 28.88%.

Hedge Funds Weigh In On TFI International

Hedge funds and other institutional investors have recently modified their holdings of the business. UMB Bank n.a. purchased a new position in shares of TFI International in the first quarter worth about $136,000. iA Global Asset Management Inc. purchased a new position in TFI International during the second quarter worth about $240,000. Industrial Alliance Investment Management Inc. raised its stake in TFI International by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after purchasing an additional 80 shares during the period. Hillsdale Investment Management Inc. raised its stake 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 worth $726,000 after purchasing an additional 4,200 shares during the period. Finally, Summit Global Investments raised its stake in TFI International by 83.7% during the second quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after purchasing an additional 3,012 shares during the period. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.