TFI International (NYSE:TFII) Price Target Lowered to $143.00 at Bank of America

TFI International (NYSE:TFII) had its price objective lowered by Bank of America from $152.00 to $143.00 in a report released on Tuesday morning, Benzinga reports. Bank of America currently has a neutral rating on the stock.

TFII has been the subject of a number of other reports. CIBC reduced their target price on shares of TFI International from $179.00 to $174.00 and set an “outperform” rating for the company in a report on Tuesday, October 1st. Desjardins cut TFI International from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens reaffirmed an “equal weight” rating and set a $149.00 target price (down from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. cut their price objective on TFI International from $184.00 to $181.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.81.

TFI International Stock Performance

Shares of NYSE TFII opened at $133.83 on Tuesday. TFI International has a 1 year low of $106.84 and a 1 year high of $162.13. The firm has a market cap of $11.32 billion, a P/E ratio of 23.77, a PEG ratio of 1.50 and a beta of 1.55. The stock has a fifty day moving average price of $141.84 and a two-hundred day moving average price of $142.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.92 and a current ratio of 0.98.

TFI International (NYSE:TFII) last announced its earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business earned $1.57 EPS. Research analysts forecast that TFI International will post 6.64 EPS for the current fiscal year.

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.34%. This is a positive change from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 31st. TFI International’s payout ratio is currently 31.97%.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently added to or reduced their stakes in TFII. iA Global Asset Management Inc. acquired a new position in shares of TFI International during the 2nd quarter worth $240,000. Industrial Alliance Investment Management Inc. raised its holdings in TFI International by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after buying an additional 80 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of TFI International by 1,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock worth $726,000 after acquiring an additional 4,200 shares in the last quarter. Summit Global Investments increased its holdings in shares of TFI International by 83.7% during the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after acquiring an additional 3,012 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of TFI International by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock valued at $1,835,000 after acquiring an additional 743 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.