Brokerages Set TFI International Inc. (NYSE:TFII) Target Price at $168.20

TFI International Inc. (NYSE:TFII - Get Free Report) has received an average recommendation of "Moderate Buy" from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $168.20.

A number of research firms have recently issued reports on TFII. CIBC dropped their price objective on shares of TFI International from $179.00 to $174.00 and set an "outperform" rating on the stock in a research note on Tuesday. Royal Bank of Canada lifted their target price on TFI International from $162.00 to $171.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. National Bank Financial downgraded TFI International from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 26th. Bank of America upped their target price on TFI International from $148.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on TFI International from $170.00 to $184.00 and gave the stock an "overweight" rating in a research note on Monday, July 29th.

TFI International Price Performance

NYSE:TFII traded up $0.42 during mid-day trading on Friday, hitting $135.83. 289,252 shares of the company's stock traded hands, compared to its average volume of 267,016. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13. The company has a market cap of $11.49 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55. The firm's 50 day simple moving average is $145.27 and its 200 day simple moving average is $144.98. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.10. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company posted $1.59 EPS. The company's quarterly revenue was up 26.4% compared to the same quarter last year. Sell-side analysts expect that TFI International will post 6.75 EPS for the current year.

TFI International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.18%. The ex-dividend date is Monday, September 30th. TFI International's payout ratio is currently 28.42%.

Institutional Trading of TFI International

A number of hedge funds have recently modified their holdings of the company. UMB Bank n.a. bought a new position in shares of TFI International in the first quarter valued at approximately $136,000. iA Global Asset Management Inc. acquired a new stake in TFI International in the second quarter valued at $240,000. Industrial Alliance Investment Management Inc. lifted its position in shares of TFI International by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company's stock valued at $413,000 after buying an additional 80 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in shares of TFI International by 67.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company's stock worth $522,000 after buying an additional 1,542 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its stake in TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company's stock valued at $726,000 after purchasing an additional 4,200 shares during the period. Institutional investors 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.