TFI International (NYSE:TFII) Price Target Cut to $110.00 by Analysts at CIBC

TFI International (NYSE:TFII - Free Report) had its price target trimmed by CIBC from $118.00 to $110.00 in a research note published on Tuesday,Benzinga reports. The firm currently has an outperformer rating on the stock.

A number of other equities research analysts have also issued reports on the stock. National Bank Financial raised shares of TFI International from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Citigroup increased their target price on shares of TFI International from $95.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. TD Cowen lowered their target price on shares of TFI International from $128.00 to $115.00 and set a "buy" rating for the company in a research note on Friday, April 25th. National Bankshares increased their target price on shares of TFI International from $132.00 to $138.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Finally, Bank of America increased their target price on shares of TFI International from $73.00 to $90.00 and gave the stock an "underperform" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, TFI International currently has an average rating of "Moderate Buy" and an average target price of $116.25.

TFI International Price Performance

Shares of NYSE TFII traded up $1.63 during mid-day trading on Tuesday, reaching $93.64. The company's stock had a trading volume of 351,372 shares, compared to its average volume of 363,256. The stock has a 50-day moving average of $87.97 and a two-hundred day moving average of $99.65. The stock has a market capitalization of $7.82 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.77 and a beta of 1.48. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.02 and a current ratio of 1.03. TFI International has a 1-year low of $72.02 and a 1-year high of $158.93.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings data 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). TFI International had a net margin of 4.59% and a return on equity of 16.69%. The firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.46 billion. On average, equities research analysts anticipate that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, June 30th. This represents a $1.80 annualized dividend and a yield of 1.92%. TFI International's dividend payout ratio (DPR) is 39.39%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted 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 worth $698,000 after acquiring an additional 363 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in TFI International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company's stock worth $10,621,000 after acquiring an additional 4,763 shares during the last quarter. Baskin Financial Services Inc. lifted its stake in TFI International by 1.2% in the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company's stock worth $32,002,000 after acquiring an additional 5,092 shares during the last quarter. QV Investors Inc. lifted its stake in TFI International by 60.6% in the first quarter. QV Investors Inc. now owns 350,096 shares of the company's stock worth $27,103,000 after acquiring an additional 132,166 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in TFI International by 31.5% in the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after acquiring an additional 112,455 shares during the last quarter. Hedge funds and other institutional investors own 73.30% of the company's stock.

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.