Brokerages Set TFI International Inc. (NYSE:TFII) Target Price at $138.07

TFI International Inc. (NYSE:TFII - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eighteen brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eleven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $126.25.

Several research firms have recently commented on TFII. Veritas raised TFI International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. CIBC lowered their price target on shares of TFI International from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday. BMO Capital Markets reduced their price objective on shares of TFI International from $89.00 to $88.00 and set a "market perform" rating for the company in a research note on Friday. National Bankshares upped their target price on shares of TFI International from $132.00 to $138.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Royal Bank of Canada dropped their target price on shares of TFI International from $98.00 to $94.00 and set an "outperform" rating for the company in a report on Monday.

Institutional Trading of TFI International

Hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. increased its stake in shares of TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock valued at $32,000 after acquiring an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in TFI International by 40.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock worth $74,000 after purchasing an additional 160 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in TFI International by 4.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock worth $698,000 after purchasing an additional 363 shares during the period. Entropy Technologies LP raised its stake in TFI International by 97.8% during the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company's stock worth $1,256,000 after purchasing an additional 4,595 shares during the period. Finally, Legato Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 859 shares during the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Stock Performance

NYSE:TFII traded up $0.03 during midday trading on Wednesday, reaching $79.87. The stock had a trading volume of 501,606 shares, compared to its average volume of 324,174. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. The stock has a market cap of $6.71 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.11 and a beta of 1.57. The firm has a fifty day simple moving average of $82.31 and a two-hundred day simple moving average of $119.44. TFI International has a 12-month low of $72.02 and a 12-month high of $158.93.

TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.19). The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.46 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. On average, equities analysts expect that TFI International will post 7.76 EPS for the current year.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Monday, June 30th. TFI International's dividend payout ratio is currently 39.39%.

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.