TFI International (NYSE:TFII) Upgraded by Veritas to “Strong-Buy” Rating

Veritas upgraded shares of TFI International (NYSE:TFII) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on TFII. Stephens lowered their price target on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Citigroup decreased their target price on shares of TFI International from $162.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Royal Bank of Canada reduced their price objective on shares of TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Finally, Stifel Nicolaus lowered their target price on shares of TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.93.

TFI International Stock Down 0.2 %

Shares of TFI International stock opened at $83.11 on Tuesday. TFI International has a 1 year low of $80.19 and a 1 year high of $162.13. The company has a market cap of $6.99 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.11 and a beta of 1.62. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $114.26 and a 200 day moving average price of $132.42.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. As a group, analysts expect that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, March 31st. TFI International’s payout ratio is presently 36.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its holdings in TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after buying an additional 131 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after acquiring an additional 160 shares in the last quarter. Entropy Technologies LP increased its stake in TFI International by 97.8% in the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock valued at $1,256,000 after acquiring an additional 4,595 shares during the period. Legato Capital Management LLC raised its position in TFI International by 8.9% in the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after purchasing an additional 859 shares in the last quarter. Finally, Canoe Financial LP bought a new position in TFI International during the fourth quarter worth about $1,853,000. 73.30% of the stock is currently 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.