TFI International (NYSE:TFII) Stock Price Up 5.5% - Here's What Happened

Key Points

• TFI International's stock price rose 5.5% during mid-day trading, reaching as high as $93.88, following a previous close of $89.00.
• The company recently reported earnings of $1.34 per share, exceeding estimates of $1.24, with revenues of $2.04 billion for the quarter, significantly higher than expectations.
• TFI International announced a quarterly dividend of $0.45 per share, resulting in an annualized dividend yield of 1.9% and a payout ratio of 41.28%.

TFI International Inc. (NYSE:TFII - Get Free Report) rose 5.5% during mid-day trading on Thursday . The stock traded as high as $93.72 and last traded at $93.88. Approximately 98,373 shares traded hands during trading, a decline of 77% from the average daily volume of 422,194 shares. The stock had previously closed at $89.00.

Analyst Upgrades and Downgrades

TFII has been the topic of several research analyst reports. Cormark cut shares of TFI International from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Scotiabank cut shares of TFI International from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, July 10th. Citigroup upped their price objective on shares of TFI International from $108.00 to $110.00 and gave the stock a "buy" rating in a report on Monday. TD Cowen cut their price objective on shares of TFI International from $115.00 to $107.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada upped their price objective on shares of TFI International from $102.00 to $106.00 and gave the stock an "outperform" rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, TFI International currently has a consensus rating of "Moderate Buy" and an average target price of $120.29.

TFI International Stock Performance

The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The stock has a market cap of $7.79 billion, a P/E ratio of 21.70, a PEG ratio of 3.16 and a beta of 1.45. The stock has a fifty day simple moving average of $91.97 and a 200-day simple moving average of $88.04.

TFI International (NYSE:TFII - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.10. TFI International had a return on equity of 15.45% and a net margin of 4.48%.The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.49 billion. Equities analysts expect that TFI International Inc. will post 7.76 earnings per share for the current fiscal year.

TFI International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, September 29th. TFI International's payout ratio is 41.28%.

Hedge Funds Weigh In On TFI International

Institutional investors have recently modified their holdings of the business. United Services Automobile Association bought a new position in shares of TFI International during the 1st quarter valued at about $217,000. Marshall Wace LLP bought a new position in shares of TFI International during the 2nd quarter valued at about $294,000. Sumitomo Mitsui Trust Group Inc. raised its position in TFI International by 4.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock valued at $698,000 after buying an additional 363 shares during the last quarter. Entropy Technologies LP raised its position in TFI International by 46.9% in the 1st quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock valued at $1,058,000 after buying an additional 4,361 shares during the last quarter. Finally, Canoe Financial LP raised its position in TFI International by 168.5% in the 1st quarter. Canoe Financial LP now owns 36,857 shares of the company's stock valued at $2,854,000 after buying an additional 23,131 shares during the last quarter. Institutional investors 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.

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