TFI International (NYSE:TFII) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of TFI International (NYSE:TFII) from a hold rating to a sell rating in a research note released on Thursday morning, Zacks.com reports.

According to Zacks, “TFI International Inc. is in the transportation and logistics industry. The Company identifies strategic acquisitions and manages a network of subsidiaries. It operates principally in the United States, Canada and Mexico. TFI International Inc. is based in St Laurent, Canada. “

A number of other analysts have also issued reports on TFII. Susquehanna Bancshares assumed coverage on TFI International in a research note on Thursday, December 9th. They issued a positive rating and a $132.00 price target on the stock. TD Securities dropped their price objective on TFI International from C$165.00 to C$160.00 and set a hold rating on the stock in a report on Monday, November 1st. Royal Bank of Canada boosted their price objective on TFI International from $117.00 to $124.00 and gave the company an outperform rating in a research report on Monday, November 1st. Morgan Stanley boosted their price target on TFI International from $120.00 to $125.00 and gave the stock an overweight rating in a research report on Tuesday, November 2nd. Finally, Wolfe Research downgraded TFI International from an outperform rating to a peer perform rating in a research note on Thursday, January 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $123.68.

Shares of TFII opened at $96.56 on Thursday. The stock has a 50 day moving average price of $105.58 and a 200 day moving average price of $107.71. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 0.51 and a beta of 1.61. TFI International has a 52-week low of $51.13 and a 52-week high of $120.50.

TFI International (NYSE:TFII) last released its quarterly earnings results on Thursday, October 28th. The company reported $1.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.16. TFI International had a return on equity of 22.94% and a net margin of 8.66%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 123.7% compared to the same quarter last year. On average, equities analysts anticipate that TFI International will post 4.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 17th. Shareholders of record on Friday, December 31st will be given a dividend of $0.27 per share. This is an increase from TFI International’s previous quarterly dividend of $0.18. This represents a $1.08 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, December 30th. TFI International’s payout ratio is currently 19.15%.

Large investors have recently made changes to their positions in the company. Private Capital Group LLC boosted its position in TFI International by 15.2% during the third quarter. Private Capital Group LLC now owns 781 shares of the company’s stock valued at $80,000 after acquiring an additional 103 shares during the last quarter. United Capital Financial Advisers LLC raised its holdings in shares of TFI International by 3.6% in the 2nd quarter. United Capital Financial Advisers LLC now owns 9,584 shares of the company’s stock worth $874,000 after acquiring an additional 330 shares during the last quarter. Geode Capital Management LLC increased its stake in TFI International by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 35,810 shares of the company’s stock valued at $3,735,000 after buying an additional 348 shares during the last quarter. Toronto Dominion Bank increased its stake in TFI International by 4.9% in the 3rd quarter. Toronto Dominion Bank now owns 37,036 shares of the company’s stock valued at $3,789,000 after buying an additional 1,731 shares during the last quarter. Finally, Distillate Capital Partners LLC bought a new position in shares of TFI International during the 3rd quarter valued at approximately $238,000. Institutional investors own 58.20% of the company’s stock.

About TFI International

TFI International, Inc engages in the provision of freight transportation and logistics services. It operates through the following segments: Package and Courier, Less-Than-Truckload, Truckload, and Logistics. The Package and Courier segment consists of pickup, transport, and delivery of items across North America.

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