TFI International (NYSE:TFII) Given New $101.00 Price Target at JPMorgan Chase & Co.

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

TFII has been the topic of a number of other research reports. Bank of America raised their target price on TFI International from $73.00 to $90.00 and gave the stock an "underperform" rating in a report on Friday, May 16th. UBS Group cut their price target on shares of TFI International from $107.00 to $88.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. CIBC restated an "outperform" rating on shares of TFI International in a report on Tuesday, May 20th. Susquehanna increased their target price on shares of TFI International from $100.00 to $105.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. Finally, Stifel Nicolaus set a $88.00 price target on shares of TFI International in a report on Monday, April 28th. One equities 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 given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $116.25.

TFI International Trading Down 2.7%

NYSE TFII traded down $2.50 during trading hours on Tuesday, hitting $89.92. The company's stock had a trading volume of 501,118 shares, compared to its average volume of 364,910. TFI International has a twelve month low of $72.02 and a twelve month high of $158.93. The firm has a market capitalization of $7.47 billion, a P/E ratio of 19.68, a PEG ratio of 2.83 and a beta of 1.48. 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 fifty day moving average of $88.62 and a 200 day moving average of $98.94.

TFI International (NYSE:TFII - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.19). TFI International had a net margin of 4.59% and a return on equity of 16.69%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.46 billion. Equities research analysts forecast that TFI International will post 7.76 earnings per share for the current fiscal year.

TFI International Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TFII. Brown Brothers Harriman & Co. raised its stake in TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock valued at $32,000 after acquiring an additional 131 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock valued at $74,000 after purchasing an additional 160 shares during the last quarter. United Services Automobile Association bought a new position in shares of TFI International in the first quarter valued at about $217,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock valued at $698,000 after purchasing an additional 363 shares during the period. Finally, Entropy Technologies LP lifted its stake in shares of 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 buying an additional 4,361 shares during the last quarter. 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.