TFI International (NYSE:TFII) Price Target Cut to $105.00 by Analysts at Susquehanna

TFI International (NYSE:TFII - Free Report) had its target price cut by Susquehanna from $135.00 to $105.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a positive rating on the stock.

A number of other research analysts have also commented on the company. Desjardins upgraded TFI International from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. The Goldman Sachs Group decreased their price objective on shares of TFI International from $176.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 21st. CIBC lowered their price objective 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. Stifel Nicolaus decreased their price objective on TFI International from $147.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Finally, Royal Bank of Canada lowered their price target on TFI International from $156.00 to $127.00 and set an "outperform" rating for the company in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $143.71.

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TFI International Stock Up 2.9 %

NYSE:TFII traded up $2.22 during trading hours on Monday, reaching $78.07. The company's stock had a trading volume of 377,867 shares, compared to its average volume of 304,886. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. The business's 50-day moving average is $102.40 and its 200-day moving average is $127.74. TFI International has a one year low of $72.07 and a one year high of $162.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96.

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

TFI International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.45 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.80 annualized dividend and a yield of 2.31%. TFI International's payout ratio is currently 36.00%.

Hedge Funds Weigh In On TFI International

A number of large investors have recently modified their holdings of the business. iA Global Asset Management Inc. increased its position in shares of TFI International by 1,894.5% in the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company's stock valued at $4,505,000 after acquiring an additional 31,260 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of TFI International during the 3rd quarter worth approximately $2,373,000. Geode Capital Management LLC increased its position in shares of TFI International by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company's stock worth $49,288,000 after purchasing an additional 22,566 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of TFI International by 37.9% during the 3rd quarter. Toronto Dominion Bank now owns 60,112 shares of the company's stock worth $8,229,000 after purchasing an additional 16,510 shares in the last quarter. Finally, Canoe Financial LP acquired a new stake in shares of TFI International in the 4th quarter valued at approximately $1,853,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.