TFI International (NYSE:TFII) Receives Outperform Market Weight Rating from National Bank Financial

National Bank Financial reissued their outperform market weight rating on shares of TFI International (NYSE:TFII) in a research note published on Thursday, Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Desjardins lifted their price objective on shares of TFI International from C$158.00 to C$161.00 and gave the stock a buy rating in a report on Tuesday, November 2nd. Susquehanna Bancshares began coverage on shares of TFI International in a report on Thursday, December 9th. They set a positive rating and a $132.00 price objective for the company. Royal Bank of Canada lifted their price objective on shares of TFI International from $117.00 to $124.00 and gave the stock an outperform rating in a report on Monday, November 1st. Zacks Investment Research downgraded shares of TFI International from a hold rating to a sell rating in a report on Thursday. Finally, Wolfe Research downgraded shares of TFI International from an outperform rating to a peer perform rating in a report on Thursday, January 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $123.68.

TFI International stock opened at $96.56 on Thursday. TFI International has a 1-year low of $51.13 and a 1-year high of $120.50. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 0.51 and a beta of 1.61. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.55. The firm has a 50 day simple moving average of $105.58 and a 200 day simple moving average of $107.71.

TFI International (NYSE:TFII) last released its quarterly earnings results on Thursday, October 28th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.16. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.01 billion. TFI International had a net margin of 8.66% and a return on equity of 22.94%. The business’s revenue for the quarter was up 123.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. On average, equities research analysts forecast that TFI International will post 4.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 17th. Shareholders of record on Friday, December 31st will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This is an increase from TFI International’s previous quarterly dividend of $0.18. This represents a $1.08 annualized dividend and a yield of 1.12%. TFI International’s dividend payout ratio (DPR) is presently 19.15%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Private Capital Group LLC increased its stake in shares of TFI International by 15.2% in the third quarter. Private Capital Group LLC now owns 781 shares of the company’s stock worth $80,000 after purchasing an additional 103 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in shares of TFI International by 3.6% in the second quarter. United Capital Financial Advisers LLC now owns 9,584 shares of the company’s stock worth $874,000 after purchasing an additional 330 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of TFI International by 1.0% in the third quarter. Geode Capital Management LLC now owns 35,810 shares of the company’s stock worth $3,735,000 after purchasing an additional 348 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of TFI International by 4.9% in the third quarter. Toronto Dominion Bank now owns 37,036 shares of the company’s stock worth $3,789,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Distillate Capital Partners LLC purchased a new stake in shares of TFI International in the third quarter worth $238,000. 58.20% of the stock is owned by hedge funds and other institutional investors.

TFI International Company Profile

TFI International, Inc engages in the provision of freight transportation and logistics services. It operates through the following segments: Package and Courier, Less-Than-Truckload, Truckload, and Logistics. The Package and Courier segment consists of pickup, transport, and delivery of items across North America.

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Analyst Recommendations for TFI International (NYSE:TFII)

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