TFI International (NYSE:TFII) Coverage Initiated at Citigroup

Citigroup started coverage on shares of TFI International (NYSE:TFII - Free Report) in a report published on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $159.00 price target on the stock.

A number of other analysts have also weighed in on the stock. Stephens reaffirmed an equal weight rating and set a $149.00 target price (down previously from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Royal Bank of Canada boosted their price target on shares of TFI International from $162.00 to $171.00 and gave the stock an outperform rating in a research note on Monday, July 29th. Bank of America boosted their price target on shares of TFI International from $148.00 to $165.00 and gave the stock a neutral rating in a research note on Monday, July 22nd. Cormark raised shares of TFI International from a hold rating to a moderate buy rating in a research note on Monday, July 15th. Finally, CIBC cut their price target on shares of TFI International from $179.00 to $174.00 and set an outperform rating for the company in a research note on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $168.13.

TFI International Stock Performance

Shares of NYSE TFII traded up $0.17 during midday trading on Wednesday, hitting $136.02. The company's stock had a trading volume of 210,685 shares, compared to its average volume of 261,291. The stock has a fifty day moving average price of $144.58 and a 200 day moving average price of $144.46. TFI International has a one year low of $104.91 and a one year high of $162.13. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 1.48 and a beta of 1.55.

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

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.40 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. TFI International's dividend payout ratio (DPR) is 28.42%.

Institutional Investors Weigh In On TFI International

Institutional investors have recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. raised its holdings in TFI International by 1.3% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 537,835 shares of the company's stock worth $78,394,000 after purchasing an additional 6,887 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in TFI International during the 1st quarter valued at about $42,583,000. Hood River Capital Management LLC grew its position in TFI International by 6.6% during the 1st quarter. Hood River Capital Management LLC now owns 226,888 shares of the company's stock valued at $36,180,000 after purchasing an additional 13,995 shares during the last quarter. Argent Capital Management LLC grew its position in TFI International by 793.1% during the 1st quarter. Argent Capital Management LLC now owns 181,407 shares of the company's stock valued at $28,927,000 after purchasing an additional 161,094 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of TFI International by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company's stock valued at $27,798,000 after acquiring an additional 2,914 shares during the last quarter. Hedge funds and other 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.