CIBC Has Lowered Expectations for TFI International (NYSE:TFII) Stock Price

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

A number of other research analysts also recently weighed in on the company. BMO Capital Markets reduced their target price on TFI International from $89.00 to $88.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Bank of America upped their price target on TFI International from $73.00 to $90.00 and gave the stock an "underperform" rating in a research note on Friday, May 16th. UBS Group cut their price target on TFI International from $107.00 to $88.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Susquehanna Bancshares cut their price target on TFI International from $105.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Stifel Nicolaus set a $88.00 price target on TFI International in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $116.25.

TFI International Trading Down 1.0%

NYSE:TFII traded down $0.98 during mid-day trading on Tuesday, reaching $92.48. 344,515 shares of the company's stock traded hands, compared to its average volume of 364,516. TFI International has a 12-month low of $72.02 and a 12-month high of $158.93. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.87 and a beta of 1.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.02. The company has a 50 day moving average price of $88.21 and a 200-day moving average price of $99.61.

TFI International (NYSE:TFII - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.19). TFI International had a return on equity of 16.69% and a net margin of 4.59%. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.46 billion. On average, sell-side analysts predict that TFI International will post 7.76 earnings per share for the current year.

TFI International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 1.95%. TFI International's payout ratio is 39.39%.

Hedge Funds Weigh In On TFI International

A number of institutional investors have recently bought and sold shares of TFII. QV Investors Inc. raised its holdings in TFI International by 60.6% in the 1st quarter. QV Investors Inc. now owns 350,096 shares of the company's stock worth $27,103,000 after purchasing an additional 132,166 shares during the period. Geode Capital Management LLC raised its holdings in TFI International by 31.5% in the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after purchasing an additional 112,455 shares during the period. Quantbot Technologies LP increased its stake in TFI International by 877.9% in the 1st quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock worth $6,077,000 after buying an additional 70,442 shares in the last quarter. Canoe Financial LP increased its stake in TFI International by 168.5% in the 1st quarter. Canoe Financial LP now owns 36,857 shares of the company's stock worth $2,854,000 after buying an additional 23,131 shares in the last quarter. Finally, CDAM UK Ltd increased its stake in TFI International by 2.5% in the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock worth $51,483,000 after buying an additional 9,200 shares in the last quarter. 73.30% of the stock is owned by institutional investors.

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.