TFI International (NYSE:TFII) PT Lowered to $174.00 at CIBC

TFI International (NYSE:TFII) had its target price decreased by CIBC from $179.00 to $174.00 in a research note released on Tuesday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on TFII. TD Cowen increased their price objective on shares of TFI International from $176.00 to $184.00 and gave the stock a buy rating in a research report on Monday, July 29th. Desjardins cut shares of TFI International from a buy rating to a hold rating in a research report on Wednesday, July 17th. Stifel Nicolaus increased their price objective on shares of TFI International from $151.00 to $162.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Bank of America increased their price objective on shares of TFI International from $148.00 to $165.00 and gave the stock a neutral rating in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of TFI International from $170.00 to $184.00 and gave the stock an overweight rating in a research report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $168.20.

TFI International Price Performance

TFII stock opened at $135.41 on Tuesday. The company has a fifty day moving average price of $145.62 and a 200-day moving average price of $145.09. The company has a market capitalization of $11.46 billion, a P/E ratio of 24.05, a PEG ratio of 1.44 and a beta of 1.55. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94.

TFI International (NYSE:TFII) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.10. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 earnings per share. As a group, equities analysts expect that TFI International will post 6.83 EPS for the current year.

TFI International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, September 30th. TFI International’s dividend payout ratio is currently 28.42%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. lifted its position in shares of TFI International by 1.3% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 537,835 shares of the company’s stock valued at $78,394,000 after purchasing an additional 6,887 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of TFI International during the first quarter valued at about $42,583,000. Hood River Capital Management LLC lifted its position in shares of TFI International by 6.6% during the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock valued at $36,180,000 after purchasing an additional 13,995 shares in the last quarter. Argent Capital Management LLC lifted its position in shares of TFI International by 793.1% during the first quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock valued at $28,927,000 after purchasing an additional 161,094 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of TFI International by 1.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock valued at $27,798,000 after purchasing an additional 2,914 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

TFI International Company Profile

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.