CIBC Cuts TFI International (NYSE:TFII) Price Target to $174.00

TFI International (NYSE:TFII - Free Report) had its price objective trimmed by CIBC from $179.00 to $174.00 in a research report released on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on TFII. National Bank Financial cut TFI International from a strong-buy rating to a hold rating in a report on Friday, July 26th. Desjardins downgraded shares of TFI International from a buy rating to a hold rating in a research note on Wednesday, July 17th. Cormark raised shares of TFI International from a hold rating to a moderate buy rating in a research note on Monday, July 15th. JPMorgan Chase & Co. raised their price objective on shares of TFI International from $170.00 to $184.00 and gave the company an overweight rating in a research report on Monday, July 29th. Finally, TD Cowen increased their target price on TFI International from $176.00 to $184.00 and gave the company a buy rating in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $168.20.

TFI International Stock Performance

NYSE:TFII traded down $1.62 during trading on Tuesday, reaching $135.27. The company's stock had a trading volume of 237,376 shares, compared to its average volume of 260,225. TFI International has a 12 month low of $104.91 and a 12 month high of $162.13. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. The firm has a 50 day moving average of $146.39 and a 200-day moving average of $145.22.

TFI International (NYSE:TFII - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.61 by $0.10. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the company earned $1.59 EPS. The firm's revenue was up 26.4% compared to the same quarter last year. Research analysts expect that TFI International will post 6.83 EPS for the current fiscal year.

TFI International Dividend Announcement

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

Hedge Funds Weigh In On TFI International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC increased its stake in shares of TFI International by 67.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company's stock worth $522,000 after acquiring an additional 1,542 shares in the last quarter. Argent Capital Management LLC lifted its holdings in shares of TFI International by 2.5% during the fourth quarter. Argent Capital Management LLC now owns 20,313 shares of the company's stock valued at $2,762,000 after purchasing an additional 494 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TFI International in the 1st quarter worth approximately $42,583,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of TFI International by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company's stock worth $27,798,000 after buying an additional 2,914 shares during the last quarter. Finally, UMB Bank n.a. bought a new position in TFI International during the 1st quarter valued at approximately $136,000. 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.