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

Shares of TFI International Inc. (NYSE:TFII - Get Free Report) have earned an average rating of "Moderate Buy" from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eleven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $121.19.

Several analysts have issued reports on TFII shares. National Bank Financial upgraded TFI International from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Veritas raised TFI International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. Bank of America raised their price target on TFI International from $73.00 to $90.00 and gave the company an "underperform" rating in a report on Friday, May 16th. The Goldman Sachs Group decreased their price objective on shares of TFI International from $176.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Royal Bank of Canada dropped their price objective on shares of TFI International from $98.00 to $94.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th.

Institutional Investors Weigh In On TFI International

A number of large investors have recently modified their holdings of TFII. Brown Brothers Harriman & Co. raised its position in TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock valued at $32,000 after purchasing an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in TFI International by 40.5% in 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted 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 acquiring an additional 363 shares in the last quarter. Legato Capital Management LLC grew its stake 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 buying an additional 859 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in TFI International by 7.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock valued at $5,046,000 after purchasing an additional 2,696 shares during the period. Institutional investors and hedge funds own 73.30% of the company's stock.

TFI International Stock Up 1.3%

Shares of NYSE:TFII traded up $1.19 during trading on Thursday, hitting $91.56. 274,709 shares of the company were exchanged, compared to its average volume of 349,790. TFI International has a fifty-two week low of $72.02 and a fifty-two week high of $158.93. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 1.11 and a beta of 1.49. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average price of $83.56 and a two-hundred day moving average price of $107.79.

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

TFI International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Monday, June 30th. TFI International's dividend payout ratio is currently 39.39%.

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.