TD Securities Cuts TFI International (NYSE:TFII) Price Target to $171.00

TFI International (NYSE:TFII) had its target price lowered by TD Securities from $180.00 to $171.00 in a report issued on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on TFII. CIBC cut their target price on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on TFI International from $184.00 to $181.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. The Goldman Sachs Group reduced their target price on TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada dropped their price target on TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus cut shares of TFI International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $158.00 to $142.00 in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.81.

TFI International Trading Down 0.8 %

Shares of TFI International stock opened at $133.83 on Wednesday. The stock has a market cap of $11.32 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.50 and a beta of 1.55. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. TFI International has a 12-month low of $106.84 and a 12-month high of $162.13. The business’s 50 day moving average is $141.84 and its 200-day moving average is $142.64.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same period last year, the company posted $1.57 earnings per share. Equities research analysts predict that TFI International will post 6.64 earnings per share for the current fiscal year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Tuesday, December 31st. This is a positive change from TFI International’s previous quarterly dividend of $0.40. TFI International’s dividend payout ratio is presently 31.97%.

Institutional Investors Weigh In On TFI International

Several institutional investors have recently made changes to their positions in TFII. iA Global Asset Management Inc. acquired a new stake in shares of TFI International during the 2nd quarter worth $240,000. Industrial Alliance Investment Management Inc. lifted its position 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. grew 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 buying an additional 4,200 shares in the last quarter. Summit Global Investments increased its holdings in TFI International by 83.7% in the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after buying an additional 3,012 shares during the period. Finally, Van ECK Associates Corp increased its holdings in TFI International by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock valued at $1,835,000 after buying an additional 743 shares during the period. 73.30% of the stock is currently owned by 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.