TFI International (NYSE:TFII) Stock Price Down 7.1%

TFI International Inc. (NYSE:TFII) traded down 7.1% during mid-day trading on Wednesday . The stock traded as low as $141.40 and last traded at $143.66. 502,129 shares changed hands during mid-day trading, an increase of 89% from the average session volume of 266,254 shares. The stock had previously closed at $154.64.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on TFI International in a report on Monday, January 29th. They issued a “buy” rating and a $175.00 price target for the company. BMO Capital Markets increased their price target on TFI International from $130.00 to $140.00 and gave the company a “market perform” rating in a report on Monday, February 12th. Scotiabank upgraded TFI International from a “sector perform” rating to a “sector outperform” rating in a report on Monday, January 22nd. JPMorgan Chase & Co. lowered their price target on TFI International from $133.00 to $132.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. Finally, Stifel Nicolaus raised their target price on TFI International from $148.00 to $149.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $159.83.

TFI International Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.25 and a quick ratio of 1.23. The stock’s fifty day simple moving average is $151.95 and its 200-day simple moving average is $133.33. The stock has a market cap of $12.09 billion, a P/E ratio of 24.38, a PEG ratio of 1.48 and a beta of 1.52.

TFI International (NYSE:TFII) last issued its earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. TFI International had a net margin of 6.71% and a return on equity of 20.92%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company posted $1.72 earnings per share. TFI International’s revenue was up .6% on a year-over-year basis. On average, research analysts anticipate that TFI International Inc. will post 7.49 earnings per share for the current year.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.40 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. TFI International’s dividend payout ratio is currently 27.54%.

Institutional Investors Weigh In On TFI International

Hedge funds have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC bought a new stake in shares of TFI International during the third quarter valued at approximately $27,000. SG Americas Securities LLC bought a new stake in shares of TFI International during the third quarter valued at approximately $257,000. Clearbridge Investments LLC bought a new stake in shares of TFI International during the fourth quarter valued at approximately $287,000. Ensign Peak Advisors Inc raised its holdings in shares of TFI International by 94.1% during the third quarter. Ensign Peak Advisors Inc now owns 3,300 shares of the company’s stock valued at $315,000 after buying an additional 1,600 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of TFI International by 1,700.8% during the first quarter. US Bancorp DE now owns 4,376 shares of the company’s stock valued at $466,000 after buying an additional 4,133 shares during the last quarter. Institutional investors own 73.30% of the company’s stock.

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.