TFI International (NYSE:TFII) Given New $179.00 Price Target at CIBC

TFI International (NYSE:TFII) had its target price boosted by CIBC from $167.00 to $179.00 in a research report sent to investors on Monday, Marketbeat.com reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. TD Cowen upped their price target on TFI International from $176.00 to $184.00 and gave the company a buy rating in a report on Monday. Royal Bank of Canada upped their price target on TFI International from $162.00 to $171.00 and gave the company an outperform rating in a report on Monday. National Bank Financial raised TFI International from a sector perform under weight rating to an outperfrom under weight rating in a report on Friday, April 26th. Desjardins downgraded shares of TFI International from a buy rating to a hold rating in a research note on Wednesday, July 17th. Finally, Cormark raised shares of TFI International from a hold rating to a moderate buy rating in a research note on Monday, July 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $167.94.

TFI International Stock Performance

TFII opened at $152.45 on Monday. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. TFI International has a 1-year low of $104.91 and a 1-year high of $162.13. The business has a 50 day moving average price of $144.12 and a two-hundred day moving average price of $144.17.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.10. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The firm’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 earnings per share. Research analysts predict that TFI International will post 6.85 EPS for the current fiscal year.

TFI International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, June 28th. TFI International’s dividend payout ratio is presently 28.60%.

Institutional Investors Weigh In On TFI International

A number of large investors have recently bought and sold shares of the business. Industrial Alliance Investment Management Inc. boosted its holdings in TFI International by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after purchasing an additional 80 shares in the last quarter. Parallel Advisors LLC boosted its holdings in TFI International by 2.7% during the fourth quarter. Parallel Advisors LLC now owns 10,625 shares of the company’s stock valued at $1,445,000 after acquiring an additional 278 shares during the period. Van ECK Associates Corp boosted its holdings in TFI International by 4.4% during the fourth quarter. Van ECK Associates Corp now owns 10,759 shares of the company’s stock valued at $1,464,000 after acquiring an additional 453 shares during the period. Argent Capital Management LLC boosted its holdings in TFI International by 2.5% during the fourth quarter. Argent Capital Management LLC now owns 20,313 shares of the company’s stock valued at $2,762,000 after acquiring an additional 494 shares during the period. Finally, UMB Bank n.a. bought a new stake in TFI International during the first quarter valued at about $136,000. 73.30% of the stock is currently owned by 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.