Brokerages Set TFI International Inc. (NYSE:TFII) Target Price at $169.19

Shares of TFI International Inc. (NYSE:TFII - Get Free Report) have been given an average rating of "Moderate Buy" by the seventeen research firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $169.19.

A number of equities analysts recently commented on TFII shares. TD Cowen dropped their price target on TFI International from $180.00 to $171.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. TD Securities dropped their price target on TFI International from $180.00 to $171.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group dropped their price target on TFI International from $189.00 to $184.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. CIBC raised their price objective on TFI International from $166.00 to $176.00 and gave the company an "outperformer" rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada lowered their price objective on TFI International from $167.00 to $160.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd.

TFI International Price Performance

Shares of NYSE:TFII traded down $0.13 during trading on Monday, hitting $133.25. 210,040 shares of the company's stock were exchanged, compared to its average volume of 205,649. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. TFI International has a 52-week low of $126.00 and a 52-week high of $162.13. The business's 50-day simple moving average is $144.21 and its 200 day simple moving average is $144.36. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.97 and a beta of 1.58.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the company posted $1.57 earnings per share. As a group, equities analysts predict that TFI International will post 6.26 EPS for the current year.

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This is an increase from TFI International's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, December 31st. TFI International's dividend payout ratio (DPR) is presently 32.73%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TFII. Toronto Dominion Bank increased its holdings in shares of 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 acquiring an additional 6,475 shares during the period. QV Investors Inc. purchased a new position in shares of TFI International in the 3rd quarter valued at $29,891,000. Dixon Mitchell Investment Counsel Inc. increased its holdings in shares of 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 acquiring an additional 1,980 shares during the period. Entropy Technologies LP purchased a new position in shares of TFI International in the 3rd quarter valued at $643,000. Finally, Plato Investment Management Ltd purchased a new position in shares of TFI International in the 3rd quarter valued at $134,000. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

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.