TFI International (NYSE:TFII) Shares Down 3.4%

Shares of TFI International Inc. (NYSE:TFII) dropped 3.4% on Friday . The company traded as low as $111.80 and last traded at $111.85. Approximately 207,390 shares were traded during trading, a decline of 23% from the average daily volume of 271,079 shares. The stock had previously closed at $115.81.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TFII shares. National Bank Financial downgraded TFI International from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, August 1st. TD Cowen raised their price objective on shares of TFI International from $158.00 to $163.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. Stifel Nicolaus reduced their target price on shares of TFI International from $144.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. The Goldman Sachs Group raised their price target on shares of TFI International from $129.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group boosted their price objective on shares of TFI International from $121.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.90.

TFI International Stock Down 2.3 %

The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.75 and a beta of 1.56. The firm has a 50 day moving average of $120.85 and a 200 day moving average of $118.71. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.60.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.16). TFI International had a return on equity of 21.38% and a net margin of 7.02%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the business earned $2.01 EPS. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. As a group, sell-side analysts predict that TFI International Inc. will post 6.25 earnings per share for the current year.

TFI International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. This is a positive change from TFI International’s previous quarterly dividend of $0.35. TFI International’s dividend payout ratio is currently 26.58%.

Institutional Trading of TFI International

Several large investors have recently made changes to their positions in TFII. Cary Street Partners Investment Advisory LLC bought a new position in TFI International in the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of TFI International by 1,481.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the company’s stock worth $40,000 after purchasing an additional 326 shares in the last quarter. Pinebridge Investments L.P. acquired a new stake in TFI International in the 2nd quarter valued at $54,000. SG Americas Securities LLC acquired a new stake in TFI International in the 3rd quarter valued at $257,000. Finally, Ensign Peak Advisors Inc raised its holdings in TFI International by 94.1% during the third quarter. Ensign Peak Advisors Inc now owns 3,300 shares of the company’s stock worth $315,000 after buying an additional 1,600 shares during the last quarter. 60.32% of the stock is currently owned by institutional investors and hedge funds.

TFI International Company Profile

TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.