TFI International Inc. (NYSE:TFII) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• TFI International Inc. has received an average rating of "Moderate Buy" from analysts, with 11 buy ratings, 6 holds, and 1 sell recommendation.
• The company's latest earnings report showed a net income of $1.34 per share, exceeding estimates and revenue of $2.04 billion, significantly above projections.
• TFI International has announced a quarterly dividend of $0.45 per share, with an annualized yield of 1.9%, set to be paid on October 15th.

Shares of TFI International Inc. (NYSE:TFII - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $117.0625.

Several analysts have recently weighed in on the company. Susquehanna lifted their target price on TFI International from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Wednesday, June 18th. CIBC decreased their target price on TFI International from $110.00 to $109.00 and set an "outperform" rating for the company in a research report on Wednesday, September 17th. Bank of America lifted their price objective on TFI International from $90.00 to $92.00 and gave the company an "underperform" rating in a report on Tuesday, July 29th. Stifel Nicolaus lifted their price objective on TFI International from $88.00 to $91.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Finally, Citigroup set a $108.00 price objective on TFI International and gave the company a "buy" rating in a report on Tuesday, August 5th.

Institutional Trading of TFI International

Institutional investors and hedge funds have recently made changes to their positions in the company. United Services Automobile Association bought a new stake in shares of TFI International in the first quarter valued at about $217,000. Marshall Wace LLP purchased a new position in TFI International in the second quarter valued at about $294,000. Sumitomo Mitsui Trust Group Inc. grew its stake in TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock valued at $698,000 after purchasing an additional 363 shares during the last quarter. Entropy Technologies LP grew its stake in TFI International by 46.9% in the first quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock valued at $1,058,000 after purchasing an additional 4,361 shares during the last quarter. Finally, Canoe Financial LP grew its stake in TFI International by 168.5% in the first quarter. Canoe Financial LP now owns 36,857 shares of the company's stock valued at $2,854,000 after purchasing an additional 23,131 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors.

TFI International Trading Up 0.9%

Shares of NYSE:TFII traded up $0.88 on Friday, hitting $94.13. 8,156 shares of the company's stock were exchanged, compared to its average volume of 440,659. TFI International has a 12 month low of $72.02 and a 12 month high of $155.12. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 3.23 and a beta of 1.47. The business's 50 day simple moving average is $91.64 and its two-hundred day simple moving average is $87.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 1.03.

TFI International (NYSE:TFII - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.10. TFI International had a return on equity of 15.45% and a net margin of 4.48%.The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.49 billion. Analysts anticipate that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, September 29th. TFI International's payout ratio is presently 41.28%.

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.