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

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

TFII has been the topic of a number of other reports. BMO Capital Markets lowered their price target 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. Stifel Nicolaus set a $88.00 price target on TFI International in a research report on Monday, April 28th. Royal Bank Of Canada lowered their price target on TFI International from $98.00 to $94.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. National Bankshares increased their target price on TFI International from $132.00 to $138.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Finally, Susquehanna Bancshares decreased their target price on TFI International from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $116.19.

TFI International Stock Performance

TFII traded up $1.08 on Tuesday, hitting $93.09. 144,406 shares of the stock traded hands, compared to its average volume of 362,483. TFI International has a 52 week low of $72.02 and a 52 week high of $158.93. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $7.77 billion, a PE ratio of 20.43, a P/E/G ratio of 2.77 and a beta of 1.48. The business has a fifty day moving average price of $87.97 and a two-hundred day moving average price of $99.65.

TFI International (NYSE:TFII - Get Free Report) last released 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 firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.46 billion. TFI International had a net margin of 4.59% and a return on equity of 16.69%. On average, research analysts predict that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, June 30th. TFI International's payout ratio is 39.39%.

Hedge Funds Weigh In On TFI International

Hedge funds have recently added to or reduced their stakes in the stock. QV Investors Inc. increased its position 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 purchasing an additional 132,166 shares during the last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 112,455 shares during the last quarter. Quantbot Technologies LP increased its position 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 purchasing an additional 70,442 shares during the last quarter. Canoe Financial LP increased its position 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 purchasing an additional 23,131 shares during the last quarter. Finally, CDAM UK Ltd increased its position in shares of TFI International by 2.5% during the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock worth $51,483,000 after purchasing an additional 9,200 shares during the last quarter. Institutional investors and hedge funds 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.