TFI International Inc. (NYSE:TFII) Given Average Rating of “Moderate Buy” by Analysts

Shares of TFI International Inc. (NYSE:TFII) have earned an average rating of “Moderate Buy” from the twenty-two research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $111.2667.

TFII has been the topic of a number of research reports. Susquehanna lowered their price objective on TFI International from $115.00 to $105.00 and set a “positive” rating on the stock in a research note on Monday, November 3rd. Citigroup lowered their price target on shares of TFI International from $110.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Zacks Research cut shares of TFI International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Stifel Nicolaus reduced their price objective on shares of TFI International from $94.00 to $93.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada lowered their target price on shares of TFI International from $106.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd.

Institutional Trading of TFI International

A number of institutional investors have recently added to or reduced their stakes in TFII. Dixon Mitchell Investment Counsel Inc. increased its holdings in shares of TFI International by 11.5% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 912,039 shares of the company’s stock worth $80,718,000 after buying an additional 93,705 shares during the last quarter. Geode Capital Management LLC grew its position in TFI International by 19.1% in the second quarter. Geode Capital Management LLC now owns 632,426 shares of the company’s stock worth $57,214,000 after acquiring an additional 101,218 shares in the last quarter. QV Investors Inc. grew its position in TFI International by 25.1% in the third quarter. QV Investors Inc. now owns 441,478 shares of the company’s stock worth $38,862,000 after acquiring an additional 88,697 shares in the last quarter. Baskin Financial Services Inc. increased its stake in TFI International by 1.7% in the third quarter. Baskin Financial Services Inc. now owns 427,359 shares of the company’s stock valued at $37,582,000 after acquiring an additional 7,207 shares during the last quarter. Finally, Argent Capital Management LLC raised its position in TFI International by 303.4% during the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock valued at $12,811,000 after purchasing an additional 107,451 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Price Performance

TFI International stock opened at $93.02 on Thursday. The business’s 50 day simple moving average is $88.72 and its 200 day simple moving average is $89.94. TFI International has a 12 month low of $72.02 and a 12 month high of $155.12. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 5.10 and a beta of 1.50. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.88.

TFI International (NYSE:TFII) last issued its earnings results on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. TFI International had a return on equity of 14.20% and a net margin of 4.06%.The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.49 billion. Sell-side analysts forecast that TFI International will post 7.76 EPS for the current year.

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.0%. This is a boost from TFI International’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, December 31st. TFI International’s dividend payout ratio (DPR) is presently 46.39%.

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.