TFI International (NYSE:TFII) Price Target Raised to $102.00

TFI International (NYSE:TFII) had its target price upped by UBS Group from $90.00 to $102.00 in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have a neutral rating on the stock.

Several other analysts have also commented on the stock. Citigroup set a $108.00 price objective on shares of TFI International and gave the stock a “buy” rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. increased their target price on TFI International from $101.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Cormark cut TFI International from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Susquehanna upped their price target on TFI International from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Wednesday, June 18th. Finally, Stifel Nicolaus increased their price objective on TFI International from $88.00 to $91.00 and gave the stock a “hold” rating in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, TFI International has an average rating of “Moderate Buy” and a consensus price target of $117.81.

TFI International Stock Performance

NYSE:TFII opened at $91.12 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The firm’s fifty day simple moving average is $91.71 and its 200 day simple moving average is $87.68. The stock has a market cap of $7.51 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 3.15 and a beta of 1.45. TFI International has a twelve month low of $72.02 and a twelve month high of $155.12.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.24 by $0.10. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. TFI International had a net margin of 4.48% and a return on equity of 15.45%. As a group, research analysts predict that TFI International will post 7.76 EPS for the current year.

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, September 29th. This represents a $1.80 annualized dividend and a dividend yield of 2.0%. TFI International’s dividend payout ratio (DPR) is presently 41.28%.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its stake 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 valued at $698,000 after purchasing an additional 363 shares in the last quarter. Argent Capital Management LLC grew its holdings in shares of TFI International by 303.4% during the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock valued at $12,811,000 after buying an additional 107,451 shares during the last quarter. Baskin Financial Services Inc. grew its holdings in shares of TFI International by 1.2% during the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company’s stock valued at $32,002,000 after buying an additional 5,092 shares during the last quarter. Quantbot Technologies LP increased its position in shares of TFI International by 877.9% during the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company’s stock valued at $6,077,000 after acquiring an additional 70,442 shares in the last quarter. Finally, Canoe Financial LP raised its holdings in TFI International by 168.5% in the 1st quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock worth $2,854,000 after acquiring an additional 23,131 shares during the last quarter. Institutional investors own 73.30% of the company’s stock.

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.