TFI International (NYSE:TFII) Upgraded at Desjardins

Desjardins upgraded shares of TFI International (NYSE:TFII - Free Report) from a hold rating to a buy rating in a research note released on Monday morning, MarketBeat Ratings reports.

TFII has been the topic of several other reports. Citigroup increased their target price on TFI International from $158.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Stifel Nicolaus lowered TFI International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $158.00 to $142.00 in a research report on Wednesday, October 23rd. The Goldman Sachs Group decreased 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. Royal Bank of Canada decreased their price target 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. Finally, Susquehanna decreased their price target on TFI International from $180.00 to $170.00 and set a "positive" rating for the company in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $169.19.

TFI International Stock Performance

Shares of TFII stock traded down $0.14 on Monday, hitting $151.80. 178,833 shares of the stock traded hands, compared to its average volume of 258,395. TFI International has a 1-year low of $111.72 and a 1-year high of $162.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The company's fifty day moving average is $141.50 and its 200 day moving average is $143.56. The company has a market capitalization of $12.85 billion, a PE ratio of 27.73, a PEG ratio of 1.96 and a beta of 1.56.

TFI International (NYSE:TFII - Get Free Report) last issued its earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business earned $1.57 earnings per share. On average, equities research analysts predict that TFI International will post 6.26 earnings per share for the current fiscal year.

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.45 dividend. This is a positive change from TFI International's previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. TFI International's dividend payout ratio (DPR) is 32.73%.

Institutional Investors Weigh In On TFI International

Several hedge funds have recently bought and sold shares of the business. Plato Investment Management Ltd purchased a new stake in TFI International in the 3rd quarter worth about $134,000. NewGen Asset Management Ltd raised its stake in shares of TFI International by 5.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company's stock worth $2,903,000 after purchasing an additional 1,000 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of TFI International during the 2nd quarter worth about $240,000. Dixon Mitchell Investment Counsel Inc. raised its stake in shares of TFI International by 0.4% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company's stock worth $74,242,000 after purchasing an additional 1,980 shares in the last quarter. Finally, Summit Global Investments raised its stake 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 worth $959,000 after purchasing an additional 3,012 shares in the last quarter. 73.30% of the stock is 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.