TFI International (NYSE:TFII) Price Target Raised to $93.00

TFI International (NYSE:TFII) had its price objective raised by Bank of America from $90.00 to $93.00 in a research report released on Friday morning,BayStreet.CA reports. The brokerage currently has an underperform rating on the stock.

TFII has been the subject of a number of other reports. Stephens set a $115.00 target price on shares of TFI International in a research report on Tuesday, January 6th. Zacks Research upgraded TFI International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Citigroup boosted their price objective on TFI International from $106.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. TD Cowen restated a “buy” rating on shares of TFI International in a research note on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TFI International in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $120.80.

TFI International Trading Down 2.2%

TFI International stock opened at $109.34 on Friday. The stock has a 50-day moving average price of $101.16 and a 200 day moving average price of $94.46. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 5.12 and a beta of 1.49. TFI International has a 52 week low of $72.02 and a 52 week high of $140.35. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.88.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.49 billion. TFI International had a net margin of 4.06% and a return on equity of 14.20%. Sell-side analysts anticipate 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 was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 1.7%. This is an increase from TFI International’s previous quarterly dividend of $0.45. TFI International’s dividend payout ratio is 48.45%.

Hedge Funds Weigh In On TFI International

A number of large investors have recently added to or reduced their stakes in TFII. Cornerstone Planning Group LLC grew its position in shares of TFI International by 20,080.0% in the third quarter. Cornerstone Planning Group LLC now owns 1,009 shares of the company’s stock valued at $89,000 after purchasing an additional 1,004 shares during the period. SG Americas Securities LLC acquired a new position in shares of TFI International during the 4th quarter worth about $112,000. Flow Traders U.S. LLC purchased a new position in TFI International in the 3rd quarter valued at about $207,000. United Services Automobile Association acquired a new stake in TFI International in the 1st quarter worth about $217,000. Finally, FourThought Financial Partners LLC acquired a new stake in TFI International in the 3rd quarter worth about $245,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

About TFI International

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.