JPMorgan Chase & Co. Issues Positive Forecast for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII - Free Report) had its target price increased by JPMorgan Chase & Co. from $98.00 to $101.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages also recently issued reports on TFII. CIBC reissued an "outperform" rating on shares of TFI International in a research report on Tuesday, May 20th. UBS Group lowered their price objective on shares of TFI International from $107.00 to $88.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Bank of America increased their price objective on shares of TFI International from $73.00 to $90.00 and gave the stock an "underperform" rating in a research report on Friday, May 16th. Susquehanna increased their price objective on shares of TFI International from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Wednesday, June 18th. Finally, National Bankshares increased their price objective on shares of TFI International from $132.00 to $138.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $116.25.

TFI International Trading Up 1.8%

NYSE:TFII traded up $1.63 during trading hours on Tuesday, hitting $93.64. The stock had a trading volume of 352,765 shares, compared to its average volume of 364,091. TFI International has a one year low of $72.02 and a one year high of $158.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.02 and a current ratio of 1.03. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.80 and a beta of 1.48. The business's 50 day moving average is $88.21 and its 200-day moving average is $99.61.

TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings data 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). 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 the consensus estimate of $1.46 billion. Sell-side analysts anticipate that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Dividend Announcement

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

Institutional Trading of TFI International

A number of large investors have recently added to or reduced their stakes in the company. QV Investors Inc. lifted its stake in shares of TFI International by 60.6% during the 1st quarter. QV Investors Inc. now owns 350,096 shares of the company's stock worth $27,103,000 after buying an additional 132,166 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after buying an additional 112,455 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of 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 buying an additional 70,442 shares during the last quarter. Canoe Financial LP lifted its stake in shares of TFI International by 168.5% during 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 during the last quarter. Finally, CDAM UK Ltd increased its position in TFI International by 2.5% during the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock worth $51,483,000 after acquiring an additional 9,200 shares during the period. Institutional investors and hedge funds 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.