TFI International (TSE:TFII) Sets New 1-Year High - Here's What Happened

Key Points

• TFI International hit a new 52-week high intraday at C$173.50 but was last trading at C$168.47, roughly down 2.2%, on volume of 143,192 shares.
• Several analysts raised price targets—National Bank Financial to C$190 and Desjardins to C$183—leaving a consensus rating of Moderate Buy with an average target of C$160.
• The company reported quarterly EPS of C$1.50 on C$2.51 billion in revenue and declared a quarterly dividend of $0.47 (C$1.88 annualized, ~1.1% yield; DPR ~49%).

TFI International Inc. (TSE:TFII - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$173.50 and last traded at C$168.47, with a volume of 143192 shares trading hands. The stock had previously closed at C$172.31.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TFII. National Bank Financial upped their price target on shares of TFI International from C$173.00 to C$190.00 and gave the company an "outperform" rating in a research note on Tuesday. Desjardins upped their target price on TFI International from C$173.00 to C$183.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. Scotiabank upped their target price on TFI International from C$165.00 to C$170.00 and gave the company a "sector perform" rating in a research report on Thursday, April 9th. Citigroup upped their target price on TFI International from C$143.00 to C$144.00 and gave the company a "buy" rating in a research report on Tuesday, April 7th. Finally, Stifel Nicolaus upped their target price on TFI International from C$100.00 to C$113.00 in a research report on Wednesday, January 21st. Three 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of C$160.00.

TFI International Trading Down 2.2%

The company has a market cap of C$13.85 billion, a price-to-earnings ratio of 45.29, a P/E/G ratio of 1.01 and a beta of 1.36. The company's fifty day moving average is C$156.23 and its two-hundred day moving average is C$142.85. The company has a debt-to-equity ratio of 138.05, a quick ratio of 1.18 and a current ratio of 1.03.

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

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 31st. TFI International's dividend payout ratio (DPR) is currently 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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