TFI International (NYSE:TFII) PT Raised to $166.00 at Bank of America

TFI International (NYSE:TFII) had its price target increased by Bank of America from $154.00 to $166.00 in a report released on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also recently issued reports about the company. CIBC raised their price objective on TFI International from $167.00 to $175.00 and gave the company an outperformer rating in a research note on Tuesday, April 2nd. Morgan Stanley raised their target price on TFI International from $169.00 to $176.00 and gave the stock an overweight rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on TFI International in a research note on Monday, January 29th. They issued a buy rating and a $175.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on shares of TFI International from $133.00 to $132.00 and set an overweight rating for the company in a report on Thursday, December 21st. Finally, Royal Bank of Canada restated an outperform rating and issued a $155.00 price objective on shares of TFI International in a report on Monday, February 12th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $159.83.

TFI International Stock Performance

Shares of TFII opened at $144.35 on Monday. The firm has a market capitalization of $12.21 billion, a P/E ratio of 24.85, a P/E/G ratio of 4.17 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 stock has a 50 day moving average price of $151.95 and a two-hundred day moving average price of $133.28. TFI International has a 52 week low of $100.96 and a 52 week high of $162.13.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. TFI International had a return on equity of 20.92% and a net margin of 6.71%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company earned $1.72 earnings per share. TFI International’s revenue was up .6% compared to the same quarter last year. Equities analysts forecast that TFI International will post 7.49 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. TFI International’s payout ratio is presently 27.54%.

Institutional Investors Weigh In On TFI International

A number of institutional investors and hedge funds have recently made changes to their positions in TFII. US Bancorp DE grew its holdings in TFI International by 1,700.8% during the 1st quarter. US Bancorp DE now owns 4,376 shares of the company’s stock worth $466,000 after acquiring an additional 4,133 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of TFI International by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 132,859 shares of the company’s stock valued at $12,022,000 after buying an additional 1,208 shares in the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of TFI International by 94.1% in the 3rd quarter. Ensign Peak Advisors Inc now owns 3,300 shares of the company’s stock valued at $315,000 after buying an additional 1,600 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in TFI International by 17.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 33,450 shares of the company’s stock worth $3,106,000 after purchasing an additional 5,068 shares during the period. Finally, Marshall Wace LLP acquired a new stake in TFI International during the 4th quarter worth $5,941,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

About TFI International

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.