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

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

TFII has been the subject of several other reports. National Bank Financial raised TFI International from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Royal Bank Of Canada cut their price objective on TFI International from $98.00 to $94.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. BMO Capital Markets cut their price objective on TFI International from $89.00 to $88.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. UBS Group cut their price objective on TFI International from $107.00 to $88.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, TD Cowen cut their price objective on TFI International from $128.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $116.25.

TFI International Stock Performance

Shares of NYSE TFII traded down $2.37 during mid-day trading on Tuesday, hitting $90.05. 202,788 shares of the company were exchanged, compared to its average volume of 363,979. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. The stock has a 50 day simple moving average of $88.46 and a 200-day simple moving average of $99.29. TFI International has a 1-year low of $72.02 and a 1-year high of $158.93. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 2.87 and a beta of 1.48.

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 for the quarter, missing the consensus estimate of $0.95 by ($0.19). TFI International had a return on equity of 16.69% and a net margin of 4.59%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.46 billion. On average, sell-side analysts forecast that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Dividend Announcement

The firm 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 $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.00%. The ex-dividend date is Monday, June 30th. TFI International's dividend payout ratio (DPR) is 39.39%.

Institutional Trading of TFI International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. United Services Automobile Association acquired a new position in shares of TFI International in the 1st quarter valued at about $217,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in TFI International by 10.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,278 shares of the company's stock worth $3,197,000 after acquiring an additional 3,925 shares in the last quarter. Quantbot Technologies LP lifted its position in TFI International by 877.9% during the 1st quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock worth $6,077,000 after acquiring an additional 70,442 shares in the last quarter. Entropy Technologies LP lifted its position in TFI International by 46.9% during the 1st quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock worth $1,058,000 after acquiring an additional 4,361 shares in the last quarter. Finally, Baskin Financial Services Inc. raised its position in shares of TFI International by 1.2% in the 1st quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company's stock valued at $32,002,000 after purchasing an additional 5,092 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company's stock.

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.