TFI International (NYSE:TFII) Sees Strong Trading Volume - Should You Buy?

TFI International Inc. (NYSE:TFII - Get Free Report) shares saw an uptick in trading volume on Tuesday . 381,163 shares traded hands during trading, an increase of 9% from the previous session's volume of 349,705 shares.The stock last traded at $89.60 and had previously closed at $87.89.

Analyst Upgrades and Downgrades

TFII has been the topic of a number of recent analyst reports. CIBC reissued an "outperform" rating on shares of TFI International in a research note on Tuesday, May 20th. Susquehanna lowered their price target on TFI International from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, April 25th. Bank of America raised their price objective on shares of TFI International from $73.00 to $90.00 and gave the stock an "underperform" rating in a report on Friday, May 16th. UBS Group reduced their price target 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, BMO Capital Markets lowered their target price on TFI International from $89.00 to $88.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, TFI International presently has a consensus rating of "Moderate Buy" and an average target price of $121.19.

TFI International Stock Down 1.7%

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 stock's 50-day moving average price is $83.34 and its 200-day moving average price is $107.91. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.11 and a beta of 1.49.

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). The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.46 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. On average, sell-side analysts expect that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Monday, June 30th. TFI International's payout ratio is currently 39.39%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. United Services Automobile Association bought a new stake in shares of TFI International in the 1st quarter worth $217,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of TFI International by 10.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,278 shares of the company's stock worth $3,197,000 after buying an additional 3,925 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of TFI International by 877.9% in the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock valued at $6,077,000 after acquiring an additional 70,442 shares in the last quarter. Entropy Technologies LP increased its position in shares of TFI International by 46.9% during the first quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock valued at $1,058,000 after acquiring an additional 4,361 shares during the last quarter. Finally, Baskin Financial Services Inc. increased its position in shares of TFI International by 1.2% during the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company's stock valued at $32,002,000 after acquiring an additional 5,092 shares during the last quarter. 73.30% of the stock is owned by institutional investors.

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.