TFI International (NYSE:TFII) Price Target Lowered to $172.00 at CIBC

TFI International (NYSE:TFII - Free Report) had its target price trimmed by CIBC from $175.00 to $172.00 in a research note published on Monday morning, Benzinga reports. The firm currently has an outperformer rating on the stock.

A number of other brokerages also recently issued reports on TFII. Royal Bank of Canada reduced their price target on TFI International from $173.00 to $162.00 and set an outperform rating on the stock in a research report on Monday. Scotiabank raised TFI International from a sector perform rating to a sector outperform rating in a research report on Monday, January 22nd. The Goldman Sachs Group increased their price target on TFI International from $157.00 to $173.00 and gave the stock a buy rating in a research report on Thursday, April 11th. Stifel Nicolaus increased their price target on TFI International from $148.00 to $149.00 and gave the stock a buy rating in a research report on Wednesday, January 10th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on TFI International in a report on Monday, January 29th. They issued a buy rating and a $175.00 target price on the stock. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, TFI International presently has an average rating of Moderate Buy and an average target price of $160.78.

TFI International Stock Performance

Shares of NYSE TFII traded down $2.06 during trading hours on Monday, reaching $135.78. 498,316 shares of the stock were exchanged, compared to its average volume of 284,870. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 1.42 and a beta of 1.52. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.64 and a current ratio of 1.66. TFI International has a 52 week low of $102.94 and a 52 week high of $162.13. The stock's fifty day simple moving average is $151.57 and its 200 day simple moving average is $134.26.

TFI International (NYSE:TFII - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $1.24 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.15). The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.89 billion. TFI International had a return on equity of 20.39% and a net margin of 6.44%. Sell-side analysts predict that TFI International will post 7.47 EPS for the current year.

TFI International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, March 27th. TFI International's payout ratio is presently 28.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TFII. SG Americas Securities LLC acquired a new position in shares of TFI International in the 3rd quarter valued at about $257,000. Argent Capital Management LLC acquired a new position in shares of TFI International in the 3rd quarter valued at about $2,545,000. Barometer Capital Management Inc. acquired a new position in shares of TFI International in the 3rd quarter valued at about $1,677,000. Van ECK Associates Corp lifted its stake in shares of TFI International by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 10,306 shares of the company's stock valued at $1,324,000 after purchasing an additional 343 shares during the period. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in TFI International in the 3rd quarter valued at about $27,000. 73.30% of the stock is owned by institutional investors and hedge funds.

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.