Brokerages Set TFI International Inc. (NYSE:TFII) Target Price at $113.40

by · The Cerbat Gem

TFI International Inc. (NYSE:TFII – Get Free Report) has received an average rating of “Moderate Buy” from the twenty-one ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, ten have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $113.40.

Several analysts have issued reports on TFII shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TFI International in a research report on Monday. Zacks Research lowered shares of TFI International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. UBS Group raised their target price on shares of TFI International from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Royal Bank Of Canada lifted their price target on TFI International from $102.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. Finally, Citigroup lowered their price target on TFI International from $110.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd.

Get Our Latest Research Report on TFII

TFI International Stock Performance

Shares of NYSE TFII opened at $103.23 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a 50 day moving average price of $93.64 and a 200 day moving average price of $92.13. The stock has a market capitalization of $8.48 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 6.01 and a beta of 1.50. TFI International has a 52 week low of $72.02 and a 52 week high of $140.35.

TFI International (NYSE:TFII – Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.49 billion. TFI International had a return on equity of 14.20% and a net margin of 4.06%. Analysts predict that TFI International will post 7.76 earnings per share for the current fiscal year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.45. TFI International’s payout ratio is presently 46.39%.

Hedge Funds Weigh In On TFI International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new position in shares of TFI International in the third quarter valued at about $207,000. Twin Tree Management LP grew its stake in TFI International by 6.5% in the 3rd quarter. Twin Tree Management LP now owns 16,527 shares of the company’s stock valued at $1,455,000 after buying an additional 1,013 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in TFI International in the 3rd quarter valued at about $245,000. Dixon Mitchell Investment Counsel Inc. raised its holdings in TFI International by 11.5% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 912,039 shares of the company’s stock valued at $80,718,000 after acquiring an additional 93,705 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in TFI International by 34.9% during the third quarter. Russell Investments Group Ltd. now owns 27,623 shares of the company’s stock worth $2,432,000 after acquiring an additional 7,150 shares during the last quarter. 73.30% of the stock is owned by institutional investors.

TFI International Company Profile

(Get Free Report)

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.

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