TFI International (NYSE:TFII) Price Target Raised to $175.00 at CIBC

TFI International (NYSE:TFIIFree Report) had its price objective hoisted by CIBC from $167.00 to $175.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has an outperformer rating on the stock.

A number of other analysts have also recently weighed in on the company. Royal Bank of Canada reaffirmed an outperform rating and set a $155.00 price objective on shares of TFI International in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft started coverage on TFI International in a report on Monday, January 29th. They issued a buy rating and a $175.00 price target for the company. JPMorgan Chase & Co. reduced their price target on TFI International from $133.00 to $132.00 and set an overweight rating for the company in a report on Thursday, December 21st. Bank of America raised their price target on TFI International from $127.00 to $140.00 and gave the company a neutral rating in a report on Tuesday, December 26th. Finally, Scotiabank raised TFI International from a sector perform rating to a sector outperform rating in a report on Monday, January 22nd. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $156.72.

Check Out Our Latest Stock Analysis on TFI International

TFI International Trading Down 0.5 %

TFII opened at $158.09 on Tuesday. TFI International has a one year low of $100.96 and a one year high of $161.98. The company has a market cap of $13.36 billion, a P/E ratio of 27.21, a PEG ratio of 4.25 and a beta of 1.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.25. The business’s 50-day simple moving average is $146.92 and its 200-day simple moving average is $131.20.

TFI International (NYSE:TFIIGet Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.95 billion. TFI International had a return on equity of 20.92% and a net margin of 6.71%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.72 EPS. As a group, equities research analysts expect that TFI International will post 7.55 EPS for the current fiscal year.

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, March 27th. TFI International’s payout ratio is 27.54%.

Institutional Investors Weigh In On TFI International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of TFI International in the third quarter valued at $27,000. Pinebridge Investments L.P. purchased a new stake in shares of TFI International in the second quarter valued at $54,000. SG Americas Securities LLC purchased a new stake in shares of TFI International in the third quarter valued at $257,000. Clearbridge Investments LLC purchased a new stake in shares of TFI International in the fourth quarter valued at $287,000. Finally, Ensign Peak Advisors Inc grew its position in shares of TFI International by 94.1% in the third quarter. Ensign Peak Advisors Inc now owns 3,300 shares of the company’s stock valued at $315,000 after purchasing an additional 1,600 shares during the period. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Company Profile

(Get Free Report)

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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Analyst Recommendations for TFI International (NYSE:TFII)

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