TD Cowen Raises TFI International (NYSE:TFII) Price Target to $184.00

TFI International (NYSE:TFII) had its price target boosted by TD Cowen from $176.00 to $184.00 in a research report sent to investors on Monday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

TFII has been the topic of a number of other reports. Desjardins downgraded shares of TFI International from a buy rating to a hold rating in a report on Wednesday, July 17th. National Bank Financial upgraded TFI International from a sector perform under weight rating to an outperfrom under weight rating in a research report on Friday, April 26th. Cormark upgraded TFI International from a hold rating to a moderate buy rating in a research report on Monday, July 15th. Bank of America increased their target price on TFI International from $148.00 to $165.00 and gave the company a neutral rating in a research report on Monday, July 22nd. Finally, Royal Bank of Canada cut their price target on shares of TFI International from $173.00 to $162.00 and set an outperform rating for the company in a report on Monday, April 29th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $167.94.

TFI International Trading Up 1.7 %

Shares of NYSE:TFII opened at $155.76 on Monday. The business has a 50-day moving average price of $143.72 and a 200-day moving average price of $144.12. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.62 and a beta of 1.56. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

TFI International (NYSE:TFII) last announced 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. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the business posted $1.59 EPS. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. Equities analysts predict that TFI International will post 6.74 EPS for the current year.

TFI International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.40 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.60 annualized dividend and a yield of 1.03%. TFI International’s dividend payout ratio (DPR) is currently 28.60%.

Institutional Investors Weigh In On TFI International

A number of institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. raised its position in TFI International by 2.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company’s stock valued at $23,378,000 after purchasing an additional 4,113 shares during the period. Van ECK Associates Corp raised its holdings in shares of TFI International by 4.4% in the 4th quarter. Van ECK Associates Corp now owns 10,759 shares of the company’s stock valued at $1,464,000 after buying an additional 453 shares during the period. Canoe Financial LP lifted its stake in TFI International by 3.9% during the 4th quarter. Canoe Financial LP now owns 24,549 shares of the company’s stock worth $3,339,000 after acquiring an additional 918 shares in the last quarter. AGF Management Ltd. boosted its holdings in TFI International by 67.5% during the 4th quarter. AGF Management Ltd. now owns 41,139 shares of the company’s stock valued at $5,596,000 after acquiring an additional 16,573 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in TFI International by 21.5% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,293 shares of the company’s stock valued at $2,895,000 after acquiring an additional 3,768 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.