TFI International (NYSE:TFII) Price Target Cut to $143.00 by Analysts at Bank of America

TFI International (NYSE:TFII - Free Report) had its price target trimmed by Bank of America from $152.00 to $143.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts also recently weighed in on TFII. JPMorgan Chase & Co. lowered their price objective on TFI International from $184.00 to $181.00 and set an "overweight" rating for the company in a research report on Tuesday, October 8th. Royal Bank of Canada increased their target price on TFI International from $162.00 to $171.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Stephens reissued an "equal weight" rating and issued a $149.00 target price (down from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Desjardins cut TFI International from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Finally, Cormark raised TFI International from a "hold" rating to a "moderate buy" rating in a research report on Monday, July 15th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, TFI International currently has an average rating of "Moderate Buy" and a consensus target price of $166.50.

TFI International Stock Up 0.9 %

TFI International stock traded up $1.19 during trading on Tuesday, hitting $135.90. 642,715 shares of the company were exchanged, compared to its average volume of 262,951. The company has a market capitalization of $11.50 billion, a P/E ratio of 24.14, a PEG ratio of 1.51 and a beta of 1.55. TFI International has a 52 week low of $104.91 and a 52 week 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 business's 50 day moving average is $142.83 and its 200 day moving average is $143.12.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.19). TFI International had a net margin of 5.93% and a return on equity of 20.48%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. Analysts predict that TFI International will post 6.68 earnings per share for the current year.

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Monday, September 30th. TFI International's dividend payout ratio (DPR) is presently 28.42%.

Institutional Investors Weigh In On TFI International

A number of institutional investors and hedge funds have recently modified their holdings of TFII. Dixon Mitchell Investment Counsel Inc. lifted its stake in TFI International by 0.4% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company's stock valued at $74,242,000 after buying an additional 1,980 shares in the last quarter. QV Investors Inc. purchased a new stake in TFI International in the 3rd quarter valued at approximately $29,891,000. Toronto Dominion Bank lifted its stake in TFI International by 17.4% in the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company's stock valued at $6,329,000 after buying an additional 6,475 shares in the last quarter. AGF Management Ltd. lifted its stake in TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company's stock valued at $16,192,000 after buying an additional 87,223 shares in the last quarter. Finally, NewGen Asset Management Ltd lifted its stake in TFI International by 5.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company's stock valued at $2,903,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company's stock.

TFI International Company Profile

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.