Analysts Set TFI International Inc. (NYSE:TFII) Price Target at $168.56

TFI International Inc. (NYSE:TFII - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eighteen research firms that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $168.56.

A number of research firms recently commented on TFII. Stifel Nicolaus lowered shares of TFI International from a "buy" rating to a "hold" rating and lowered their price target for the stock from $158.00 to $142.00 in a research report on Wednesday, October 23rd. CIBC decreased their target price on shares of TFI International from $174.00 to $166.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Citigroup raised their target price on shares of TFI International from $158.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Bank of America decreased their target price on shares of TFI International from $152.00 to $143.00 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group decreased their target price on shares of TFI International from $189.00 to $184.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th.

Institutional Investors Weigh In On TFI International

Several hedge funds have recently added to or reduced their stakes in TFII. Plato Investment Management Ltd acquired a new position in shares of TFI International in the 3rd quarter worth approximately $134,000. iA Global Asset Management Inc. acquired a new position in shares of TFI International in the 2nd quarter worth approximately $240,000. Industrial Alliance Investment Management Inc. lifted its position in shares of TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company's stock valued at $413,000 after acquiring an additional 80 shares during the period. Entropy Technologies LP acquired a new position in shares of TFI International during the 3rd quarter valued at $643,000. Finally, Summit Global Investments lifted its position in shares of TFI International by 83.7% during the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company's stock valued at $959,000 after acquiring an additional 3,012 shares during the period. 73.30% of the stock is currently owned by institutional investors and hedge funds.

TFI International Stock Performance

Shares of NYSE TFII traded up $0.69 during mid-day trading on Friday, reaching $148.73. 163,699 shares of the company were exchanged, compared to its average volume of 235,244. The company's 50-day simple moving average is $140.43 and its 200-day simple moving average is $142.43. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $12.59 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.91 and a beta of 1.55. TFI International has a twelve month low of $111.72 and a twelve month high of $162.13.

TFI International (NYSE:TFII - Get Free Report) last released 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 return on equity of 20.25% and a net margin of 5.67%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business posted $1.57 earnings per share. As a group, research analysts predict that TFI International will post 6.26 earnings per share for the current year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. 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 1.21%. TFI International's dividend payout ratio (DPR) is currently 29.09%.

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.