TFI International (TSE:TFII) Hits New 1-Year High on Analyst Upgrade

Key Points

• 52-week high: Shares of TFI International jumped to a new 52-week high (trading as high as C$173.05) after Scotiabank raised its price target from C$165 to C$170 while maintaining a sector perform rating.
• Several analysts raised targets recently—three have Buy ratings and one Hold—giving a consensus rating of Moderate Buy with an average target of C$156.00.
• On fundamentals, TFI reported C$1.50 EPS and C$2.51B revenue for the quarter, has a PE of 46.24 and debt-to-equity of 138.05, and declared a quarterly dividend of C$0.47 (annualized C$1.88, yield 1.1%; ex-dividend Mar 31, payable Apr 15).

Shares of TFI International Inc. (TSE:TFII - Get Free Report) hit a new 52-week high on Friday after Scotiabank raised their price target on the stock from C$165.00 to C$170.00. Scotiabank currently has a sector perform rating on the stock. TFI International traded as high as C$173.05 and last traded at C$172.16, with a volume of 35107 shares changing hands. The stock had previously closed at C$171.10.

Several other research analysts also recently issued reports on TFII. National Bank Financial lifted their price objective on TFI International from C$145.00 to C$170.00 and gave the stock an "outperform" rating in a research report on Friday, January 9th. Desjardins upped their target price on shares of TFI International from C$173.00 to C$183.00 and gave the company a "buy" rating in a report on Thursday, February 19th. Stifel Nicolaus lifted their price target on shares of TFI International from C$100.00 to C$113.00 in a report on Wednesday, January 21st. Finally, Citigroup upped their price objective on shares of TFI International from C$143.00 to C$144.00 and gave the company a "buy" rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$156.00.

TFI International Trading Up 0.5%

The business's 50-day moving average is C$155.16 and its two-hundred day moving average is C$141.52. The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 138.05. The stock has a market capitalization of C$14.14 billion, a PE ratio of 46.24, a PEG ratio of 1.01 and a beta of 1.36.

TFI International (TSE:TFII - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The company reported C$1.50 EPS for the quarter. TFI International had a return on equity of 11.65% and a net margin of 3.92%.The company had revenue of C$2.51 billion for the quarter. On average, analysts predict that TFI International Inc. will post 12.2345048 earnings per share for the current year.

TFI International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.88 annualized dividend and a yield of 1.1%. TFI International's payout ratio is 48.92%.

TFI International Company Profile

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment.

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