TFI International (NYSE:TFII) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of TFI International (NYSE:TFII) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Several other equities research analysts also recently commented on TFII. Cowen reaffirmed a “buy” rating on shares of TFI International in a report on Friday, January 9th. Royal Bank Of Canada upped their price objective on shares of TFI International from $102.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Citigroup raised their target price on shares of TFI International from $106.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of TFI International in a report on Monday, December 29th. Finally, UBS Group upped their price target on shares of TFI International from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.87.

TFI International Trading Up 0.9%

TFI International stock opened at $112.58 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 5.11 and a beta of 1.49. TFI International has a 1 year low of $72.02 and a 1 year high of $140.35. The firm’s 50 day moving average price is $98.22 and its two-hundred day moving average price is $93.68.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.49 billion. TFI International had a return on equity of 14.20% and a net margin of 4.06%. On average, research analysts predict that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.88 annualized dividend and a yield of 1.7%. This is a boost from TFI International’s previous quarterly dividend of $0.45. TFI International’s dividend payout ratio (DPR) is currently 48.45%.

Institutional Investors Weigh In On TFI International

Institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its stake in shares of TFI International by 20,080.0% in the third quarter. Cornerstone Planning Group LLC now owns 1,009 shares of the company’s stock worth $89,000 after acquiring an additional 1,004 shares during the last quarter. SG Americas Securities LLC acquired a new stake in TFI International during the fourth quarter valued at $112,000. Flow Traders U.S. LLC purchased a new position in TFI International in the third quarter valued at about $207,000. United Services Automobile Association acquired a new position in TFI International in the 1st quarter worth about $217,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of TFI International during the 3rd quarter worth about $245,000. Institutional investors and hedge funds own 73.30% of the company’s stock.

About TFI International

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.