TFI International (NASDAQ:TFII) Sees Unusually-High Trading Volume

TFI International Inc. (NASDAQ:TFII) shares saw an uptick in trading volume on Friday . 12,270 shares changed hands during mid-day trading, a decline of 95% from the previous session’s volume of 270,661 shares.The stock last traded at $88.58 and had previously closed at $88.10.

A number of research firms have issued reports on TFII. The Goldman Sachs Group began coverage on shares of TFI International in a research note on Tuesday, May 11th. They issued a “buy” rating for the company. Desjardins lifted their target price on shares of TFI International from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, February 10th. Royal Bank of Canada lifted their price target on shares of TFI International from $86.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, April 29th. Zacks Investment Research lowered shares of TFI International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 14th. Finally, Cowen lifted their price target on shares of TFI International from $53.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, January 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $91.29.

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.17. The stock’s 50-day moving average is $79.80 and its 200-day moving average is $64.56.

TFI International (NASDAQ:TFII) last announced its quarterly earnings results on Tuesday, April 27th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.09. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, analysts expect that TFI International Inc. will post 3.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were issued a $0.2324 dividend. This represents a $0.93 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Tuesday, March 30th. This is a positive change from TFI International’s previous quarterly dividend of $0.23.

A number of institutional investors have recently made changes to their positions in TFII. Private Capital Group LLC bought a new stake in TFI International in the 4th quarter valued at $34,000. Baskin Financial Services Inc. boosted its stake in shares of TFI International by 3.3% in the 4th quarter. Baskin Financial Services Inc. now owns 542,315 shares of the company’s stock valued at $27,894,000 after purchasing an additional 17,541 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of TFI International by 26.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 55,427 shares of the company’s stock valued at $2,845,000 after purchasing an additional 11,466 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of TFI International by 2.3% in the 4th quarter. Toronto Dominion Bank now owns 38,553 shares of the company’s stock valued at $1,979,000 after purchasing an additional 885 shares in the last quarter. Finally, FDx Advisors Inc. acquired a new stake in shares of TFI International in the 4th quarter valued at $601,000. 43.63% of the stock is currently owned by hedge funds and other institutional investors.

About TFI International (NASDAQ:TFII)

TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.

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