TFI International (NYSE:TFII) Given New $128.00 Price Target at TD Cowen

TFI International (NYSE:TFII - Free Report) had its price objective lowered by TD Cowen from $135.00 to $128.00 in a research note released on Friday, Marketbeat.com reports. TD Cowen currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Susquehanna lowered their target price on TFI International from $170.00 to $135.00 and set a "positive" rating on the stock in a research note on Monday, March 3rd. Citigroup cut their price target on TFI International from $162.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Stephens decreased their price objective on shares of TFI International from $138.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. Bank of America lowered TFI International from a "neutral" rating to an "underperform" rating in a report on Thursday, February 20th. Finally, CIBC decreased their target price on TFI International from $160.00 to $141.00 and set an "outperformer" rating for the company in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.71.

Remove Ads

TFI International Trading Up 0.7 %

TFII stock traded up $0.54 during mid-day trading on Friday, reaching $77.99. 207,774 shares of the stock traded hands, compared to its average volume of 298,303. TFI International has a 52-week low of $74.01 and a 52-week high of $162.13. The stock's fifty day moving average is $105.84 and its 200-day moving average is $128.90. The company has a market cap of $6.56 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.11 and a beta of 1.62. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.40). The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. As a group, sell-side analysts expect that TFI International will post 7.76 earnings per share for the current year.

TFI International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, March 31st. TFI International's dividend payout ratio is presently 36.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of TFI International by 7.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock valued at $5,046,000 after buying an additional 2,696 shares in the last quarter. CDAM UK Ltd raised its position in TFI International by 2.5% in the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock worth $51,483,000 after purchasing an additional 9,200 shares in the last quarter. Geode Capital Management LLC lifted its stake in TFI International by 31.5% during the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after purchasing an additional 112,455 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in TFI International by 40.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock valued at $74,000 after purchasing an additional 160 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock valued at $32,000 after purchasing an additional 131 shares during the period. 73.30% of the stock is owned by institutional investors.

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.