TFI International (NYSE:TFII) Trading 5.7% Higher - What's Next?

TFI International Inc. (NYSE:TFII - Get Free Report)'s share price rose 5.7% during trading on Friday . The company traded as high as $79.49 and last traded at $80.21. Approximately 523,222 shares were traded during mid-day trading, an increase of 71% from the average daily volume of 305,507 shares. The stock had previously closed at $75.85.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TFII shares. Stephens cut their target price on TFI International from $138.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. TD Cowen reduced their target price on shares of TFI International from $135.00 to $128.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. CIBC dropped their price target on shares of TFI International from $160.00 to $141.00 and set an "outperformer" rating for the company in a research note on Friday, February 21st. UBS Group downgraded shares of TFI International from a "buy" rating to a "neutral" rating and cut their price target for the company from $163.00 to $107.00 in a report on Friday, February 21st. Finally, Stifel Nicolaus decreased their price objective on shares of TFI International from $147.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $141.21.

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TFI International Stock Up 11.7 %

The firm has a market cap of $6.94 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.11 and a beta of 1.57. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $95.33 and a 200-day moving average price of $124.87.

TFI International (NYSE:TFII - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.40). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, equities analysts forecast that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.18%. The ex-dividend date is Monday, March 31st. TFI International's payout ratio is 36.00%.

Institutional Trading of TFI International

Hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. grew its position 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 worth $32,000 after buying an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock worth $74,000 after purchasing an additional 160 shares during the last quarter. Legato Capital Management LLC increased its position in shares of TFI International by 8.9% during the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company's stock worth $1,414,000 after purchasing an additional 859 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of TFI International by 7.8% during 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 purchasing an additional 2,696 shares during the last quarter. Finally, Amundi increased its position in TFI International by 2.4% during the 4th quarter. Amundi now owns 181,202 shares of the company's stock valued at $24,134,000 after buying an additional 4,266 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company's stock.

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.