TFI International (NYSE:TFII) Stock Rating Reaffirmed by Stephens

Stephens reissued their equal weight rating on shares of TFI International (NYSE:TFII - Free Report) in a research report report published on Tuesday morning, MarketBeat reports. Stephens currently has a $149.00 target price on the stock, down from their previous target price of $176.00.

TFII has been the subject of several other reports. Royal Bank of Canada raised their target price on TFI International from $162.00 to $171.00 and gave the stock an outperform rating in a research report on Monday, July 29th. Cormark raised TFI International from a hold rating to a moderate buy rating in a research report on Monday, July 15th. National Bank Financial lowered TFI International from a strong-buy rating to a hold rating in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their target price on TFI International from $170.00 to $184.00 and gave the stock an overweight rating in a research report on Monday, July 29th. Finally, TD Cowen raised their target price on TFI International from $176.00 to $184.00 and gave the stock a buy rating in a research report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, TFI International has a consensus rating of Moderate Buy and a consensus price target of $168.20.

TFI International Price Performance

Shares of TFII stock traded down $1.31 during trading hours on Tuesday, reaching $135.58. The company's stock had a trading volume of 186,294 shares, compared to its average volume of 259,899. The firm's 50 day simple moving average is $146.76 and its 200-day simple moving average is $145.33. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.44 and a beta of 1.55. TFI International has a fifty-two week low of $104.91 and a fifty-two week high of $162.13. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings results 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 return on equity of 20.48% and a net margin of 5.93%. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same period in the prior year, the company earned $1.59 EPS. TFI International's revenue was up 26.4% compared to the same quarter last year. Sell-side analysts forecast that TFI International will post 6.83 earnings per share for the current year.

TFI International Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.18%. TFI International's dividend payout ratio is presently 28.42%.

Institutional Trading of TFI International

Large investors have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new position in TFI International during the 1st quarter valued at about $42,583,000. Argent Capital Management LLC boosted its stake 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. AGF Management Ltd. boosted its stake in TFI International by 359.1% during the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company's stock valued at $16,192,000 after purchasing an additional 87,223 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in TFI International during the 1st quarter valued at about $10,118,000. Finally, Hood River Capital Management LLC boosted its stake 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. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.