TFI International (NYSE:TFII) Rating Increased to Strong-Buy at Veritas

Veritas upgraded shares of TFI International (NYSE:TFII - Free Report) from a hold rating to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Stephens dropped their target price on shares of TFI International from $138.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Royal Bank of Canada lowered their price objective on shares of TFI International from $156.00 to $127.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Citigroup reduced their target price on TFI International from $162.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Bank of America cut TFI International from a "neutral" rating to an "underperform" rating in a report on Thursday, February 20th. Finally, Susquehanna reduced their price objective on TFI International from $170.00 to $135.00 and set a "positive" rating on the stock in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $148.93.

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TFI International Price Performance

TFI International stock traded up $2.43 during mid-day trading on Tuesday, reaching $84.36. 690,943 shares of the company were exchanged, compared to its average volume of 280,774. The firm has a market cap of $7.10 billion, a PE ratio of 16.87, a PEG ratio of 1.11 and a beta of 1.62. 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 company has a fifty day simple moving average of $111.26 and a 200-day simple moving average of $131.01. TFI International has a 12 month low of $80.19 and a 12 month high of $162.13.

TFI International (NYSE:TFII - Get Free Report) last released 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). The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. As a group, equities research analysts expect that TFI International will post 7.76 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Monday, March 31st. TFI International's dividend payout ratio (DPR) is 36.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TFII. Brown Brothers Harriman & Co. grew its holdings in TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock worth $32,000 after purchasing an additional 131 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock worth $74,000 after purchasing an additional 160 shares in the last quarter. Entropy Technologies LP grew its stake in shares of TFI International by 97.8% in the 4th quarter. Entropy Technologies LP now owns 9,295 shares of the company's stock valued at $1,256,000 after buying an additional 4,595 shares during the period. Legato Capital Management LLC increased its position in TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company's stock valued at $1,414,000 after buying an additional 859 shares in the last quarter. Finally, Canoe Financial LP acquired a new position in TFI International during the 4th quarter worth approximately $1,853,000. Institutional investors and hedge funds 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.