TFI International (NYSE:TFII) Price Target Cut to $100.00 by Analysts at Susquehanna Bancshares

TFI International (NYSE:TFII) had its target price decreased by Susquehanna Bancshares from $105.00 to $100.00 in a research note issued to investors on Friday,BayStreet.CA reports. Susquehanna Bancshares currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on TFII. Royal Bank of Canada decreased their price target on TFI International from $127.00 to $98.00 and set an “outperform” rating for the company in a research note on Tuesday. Veritas raised TFI International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. Stifel Nicolaus cut their price target on shares of TFI International from $120.00 to $105.00 and set a “hold” rating for the company in a report on Monday, April 14th. UBS Group cut shares of TFI International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $163.00 to $107.00 in a research note on Friday, February 21st. Finally, National Bank Financial raised shares of TFI International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, TFI International presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.50.

TFI International Price Performance

Shares of TFII opened at $79.69 on Friday. TFI International has a one year low of $72.02 and a one year high of $158.93. The stock’s fifty day moving average is $83.27 and its 200-day moving average is $120.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57.

TFI International (NYSE:TFII) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.19). The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.46 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. Equities analysts anticipate that TFI International will post 7.76 EPS for the current year.

TFI International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, June 30th. TFI International’s dividend payout ratio (DPR) is currently 39.39%.

Institutional Trading of TFI International

Hedge funds and other institutional investors have recently modified their holdings of the company. Canoe Financial LP acquired a new position in TFI International in the 4th quarter worth about $1,853,000. Entropy Technologies LP lifted its holdings in shares of TFI International by 97.8% during the 4th quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock valued at $1,256,000 after buying an additional 4,595 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock valued at $1,414,000 after buying an additional 859 shares in the last quarter. Baillie Gifford & Co. acquired a new position in TFI International in the fourth quarter worth approximately $148,623,000. Finally, Bank of New York Mellon Corp raised its position in TFI International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock valued at $10,621,000 after acquiring an additional 4,763 shares in the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

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.