TFI International (NYSE:TFII) Shares Up 5.7% - Time to Buy?

TFI International Inc. (NYSE:TFII - Get Free Report) shares rose 5.7% on Friday . The company traded as high as $79.49 and last traded at $80.21. Approximately 523,222 shares changed hands 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

A number of equities research analysts recently commented on TFII shares. Bank of America cut shares of TFI International from a "neutral" rating to an "underperform" rating in a report on Thursday, February 20th. The Goldman Sachs Group dropped 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. TD Cowen reduced their target price on shares of TFI International from $135.00 to $128.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Susquehanna dropped their price target on shares of TFI International from $135.00 to $105.00 and set a "positive" rating on the stock in a research note on Monday, March 31st. Finally, Veritas upgraded shares of TFI International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $141.21.

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TFI International Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The stock's 50 day simple moving average is $94.41 and its two-hundred day simple moving average is $124.41. The firm has a market cap of $6.79 billion, a P/E ratio of 16.15, a P/E/G ratio of 1.11 and a beta of 1.57.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $1.54 billion. As a group, research analysts forecast that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, March 31st. This represents a $1.80 dividend on an annualized basis and a yield of 2.23%. TFI International's dividend payout ratio is currently 36.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. purchased a new position in TFI International in the 4th quarter worth about $148,623,000. QV Investors Inc. grew its stake in shares of TFI International by 60.6% in the first quarter. QV Investors Inc. now owns 350,096 shares of the company's stock worth $27,103,000 after acquiring an additional 132,166 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock valued at $64,345,000 after buying an additional 112,455 shares during the period. Public Employees Retirement System of Ohio purchased a new position in TFI International in the third quarter worth about $2,373,000. Finally, Toronto Dominion Bank lifted its position in TFI International by 37.9% during the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company's stock valued at $8,229,000 after purchasing an additional 16,510 shares in the last quarter. Institutional investors own 73.30% of the company's stock.

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.