JPMorgan Chase & Co. Cuts TFI International (NYSE:TFII) Price Target to $104.00

TFI International (NYSE:TFII) had its price objective reduced by JPMorgan Chase & Co. from $116.00 to $104.00 in a research report report published on Wednesday, Marketbeat.com reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently weighed in on TFII. Susquehanna lifted their price target on shares of TFI International from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Wednesday, June 18th. Weiss Ratings restated a “hold (c)” rating on shares of TFI International in a research note on Saturday, September 27th. Stifel Nicolaus boosted their price target on shares of TFI International from $88.00 to $91.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. Citigroup set a $108.00 price target on shares of TFI International and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, TD Cowen decreased their price target on shares of TFI International from $115.00 to $107.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and a consensus price target of $120.18.

TFI International Trading Down 4.6%

NYSE:TFII opened at $86.61 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. TFI International has a 12 month low of $72.02 and a 12 month high of $155.12. The company has a market cap of $7.13 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 3.18 and a beta of 1.45. The company has a 50 day simple moving average of $91.93 and a two-hundred day simple moving average of $87.88.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.10. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.49 billion. TFI International had a net margin of 4.48% and a return on equity of 15.45%. Research analysts forecast that TFI International will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.45 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. TFI International’s payout ratio is 41.28%.

Hedge Funds Weigh In On TFI International

Hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew 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 valued at $698,000 after purchasing an additional 363 shares during the last quarter. Argent Capital Management LLC grew its holdings in TFI International by 303.4% during the 2nd quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock valued at $12,811,000 after purchasing an additional 107,451 shares during the last quarter. Baskin Financial Services Inc. grew its holdings in TFI International by 1.2% during the 1st quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company’s stock valued at $32,002,000 after purchasing an additional 5,092 shares during the last quarter. Quantbot Technologies LP grew its holdings in TFI International by 877.9% during the 1st quarter. Quantbot Technologies LP now owns 78,466 shares of the company’s stock valued at $6,077,000 after purchasing an additional 70,442 shares during the last quarter. Finally, Canoe Financial LP grew its holdings in TFI International by 168.5% during the 1st quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock valued at $2,854,000 after purchasing an additional 23,131 shares during the last quarter. 73.30% of the stock is currently owned by 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.