TFI International (NYSE:TFII) Given New $118.00 Price Target at CIBC

TFI International (NYSE:TFII) had its price objective raised by CIBC from $110.00 to $118.00 in a report published on Tuesday,Benzinga reports. CIBC currently has an outperformer rating on the stock.

A number of other research analysts also recently issued reports on TFII. National Bankshares upped their target price on shares of TFI International from $132.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. Citigroup boosted their price target on shares of TFI International from $95.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Bank of America raised their price objective on shares of TFI International from $73.00 to $90.00 and gave the company an “underperform” rating in a research note on Friday, May 16th. BMO Capital Markets dropped their target price on shares of TFI International from $89.00 to $88.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. Finally, Veritas raised TFI International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.19.

TFI International Stock Up 0.4%

NYSE:TFII opened at $89.89 on Tuesday. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 1.11 and a beta of 1.51. 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 stock’s fifty day moving average price is $81.64 and its two-hundred day moving average price is $113.93. TFI International has a 52-week low of $72.02 and a 52-week high of $158.93.

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

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 annualized dividend and a yield of 2.00%. TFI International’s dividend payout ratio is presently 39.39%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. raised its position in shares of TFI International by 124.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after purchasing an additional 131 shares during the period. CIBC Private Wealth Group LLC increased its stake in TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after purchasing an additional 160 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in TFI International by 4.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock worth $698,000 after buying an additional 363 shares during the period. Legato Capital Management LLC raised its holdings in TFI International by 8.9% during the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after buying an additional 859 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in TFI International by 7.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company’s stock valued at $5,046,000 after buying an additional 2,696 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

About TFI International

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.