TFI International (NYSE:TFII) Stock Price Expected to Rise, Citigroup Analyst Says

TFI International (NYSE:TFII) had its target price boosted by Citigroup from $158.00 to $170.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently commented on the company. National Bank Financial cut TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. CIBC dropped their price objective on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Susquehanna lowered their price target on shares of TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, TFI International currently has an average rating of “Moderate Buy” and a consensus target price of $168.56.

TFI International Stock Performance

NYSE TFII opened at $143.66 on Tuesday. The business’s 50-day simple moving average is $140.03 and its 200-day simple moving average is $141.92. The firm has a market capitalization of $12.16 billion, a P/E ratio of 26.12, a P/E/G ratio of 2.01 and a beta of 1.55. TFI International has a 1-year low of $111.56 and a 1-year high of $162.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96.

TFI International (NYSE:TFII) last released its quarterly earnings data 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). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. Equities analysts predict that TFI International will post 6.26 EPS for the current year.

TFI International Increases Dividend

The business 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 $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This is a positive change from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.25%. TFI International’s dividend payout ratio (DPR) is currently 29.09%.

Hedge Funds Weigh In On TFI International

Hedge funds and other institutional investors have recently modified their holdings of the company. Industrial Alliance Investment Management Inc. lifted its position in TFI International by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after purchasing an additional 80 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of TFI International in the third quarter valued at approximately $134,000. NewGen Asset Management Ltd raised its holdings in shares of TFI International by 5.3% during the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock valued at $2,903,000 after buying an additional 1,000 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in shares of TFI International during the second quarter worth approximately $240,000. Finally, Dixon Mitchell Investment Counsel Inc. boosted its position in shares of TFI International by 0.4% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock worth $74,242,000 after buying an additional 1,980 shares during the period. Institutional investors and hedge funds 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.