Bank of America Lowers TFI International (NYSE:TFII) Price Target to $143.00

TFI International (NYSE:TFII) had its target price cut by Bank of America from $152.00 to $143.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the stock.

TFII has been the subject of a number of other reports. Desjardins downgraded shares of TFI International from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Citigroup began coverage on TFI International in a research note on Wednesday, October 9th. They set a “buy” rating and a $159.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on TFI International from $184.00 to $181.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Finally, National Bank Financial cut TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, TFI International has a consensus rating of “Moderate Buy” and an average target price of $167.81.

TFI International Trading Down 0.8 %

Shares of NYSE:TFII opened at $133.83 on Tuesday. TFI International has a 52-week low of $106.84 and a 52-week high of $162.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.92 and a current ratio of 0.98. The company has a market cap of $11.32 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.50 and a beta of 1.55. The stock’s 50-day moving average is $141.84 and its 200-day moving average is $142.64.

TFI International (NYSE:TFII) last released its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the business earned $1.57 EPS. Equities research analysts predict that TFI International will post 6.64 earnings per share for the current year.

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from TFI International’s previous quarterly dividend of $0.40. TFI International’s payout ratio is 31.97%.

Institutional Investors Weigh In On TFI International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TFI International during the first quarter worth $42,583,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in TFI International by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock worth $27,798,000 after acquiring an additional 2,914 shares during the last quarter. Van ECK Associates Corp increased its position in TFI International by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock valued at $1,835,000 after acquiring an additional 743 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of TFI International in the first quarter worth about $10,118,000. Finally, Steamboat Capital Partners LLC raised its stake in shares of TFI International by 1.6% in the first quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company’s stock worth $11,214,000 after acquiring an additional 1,086 shares during the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

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.