TFI International (NYSE:TFII) Price Target Raised to $112.00

TFI International (NYSE:TFII) had its price objective lifted by TD Cowen from $99.00 to $112.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the company. Cowen reiterated a “buy” rating on shares of TFI International in a research report on Friday. Citigroup boosted their price target on shares of TFI International from $106.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday. 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 report on Monday, December 22nd. Zacks Research downgraded shares of TFI International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of TFI International from $104.00 to $106.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and an average price target of $117.53.

TFI International Stock Performance

TFII opened at $111.03 on Friday. TFI International has a twelve month low of $72.02 and a twelve month high of $140.35. The firm has a market capitalization of $9.12 billion, a PE ratio of 28.61, a PEG ratio of 5.05 and a beta of 1.49. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average price is $96.34 and its 200 day moving average price is $93.11.

TFI International (NYSE:TFII) last released its earnings results on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.49 billion. TFI International had a net margin of 4.06% and a return on equity of 14.20%. As a group, sell-side analysts expect that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.47 dividend. This is a positive change from TFI International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.7%. TFI International’s payout ratio is presently 48.45%.

Hedge Funds Weigh In On TFI International

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

TFI International Company Profile

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.