TFI International (NYSE:TFII) Price Target Raised to $170.00 at Citigroup

TFI International (NYSE:TFII) had its price target boosted by Citigroup from $158.00 to $170.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. National Bankshares dropped their price target on TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Desjardins lowered their price objective on TFI International from $209.00 to $204.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped their price target on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus lowered shares of TFI International from a “buy” rating to a “hold” rating and lowered their target price for the company from $158.00 to $142.00 in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, TFI International presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.56.

TFI International Trading Down 0.6 %

Shares of NYSE:TFII opened at $147.09 on Tuesday. The stock’s 50-day simple moving average is $139.80 and its two-hundred day simple moving average is $141.72. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 2.01 and a beta of 1.55. TFI International has a 52-week low of $110.25 and a 52-week high of $162.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98.

TFI International (NYSE:TFII) last announced its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the firm posted $1.57 earnings per share. Analysts expect that TFI International will post 6.26 EPS for the current year.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.22%. TFI International’s dividend payout ratio (DPR) is currently 29.09%.

Hedge Funds Weigh In On TFI International

Large investors have recently bought and sold shares of the stock. Plato Investment Management Ltd acquired a new position in shares of TFI International in the 3rd quarter valued at $134,000. Entropy Technologies LP purchased a new stake in shares of TFI International during the 3rd quarter worth approximately $643,000. Dixon Mitchell Investment Counsel Inc. boosted its position in TFI International by 0.4% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock worth $74,242,000 after purchasing an additional 1,980 shares in the last quarter. QV Investors Inc. purchased a new position in shares of TFI International in the third quarter valued at $29,891,000. Finally, Toronto Dominion Bank increased its holdings in TFI International by 17.4% during the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after acquiring an additional 6,475 shares in the last quarter. Institutional investors and hedge funds 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.