TFI International (NYSE:TFII) Given New $139.00 Price Target at Stifel Nicolaus

TFI International (NYSE:TFII) had its target price lowered by Stifel Nicolaus from $142.00 to $139.00 in a report issued on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other analysts have also recently weighed in on the stock. National Bankshares dropped their price objective on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Bank of America dropped their price objective on shares of TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Stephens reiterated an “equal weight” rating and issued a $149.00 price objective (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. The Goldman Sachs Group dropped their price objective on shares of TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, TD Cowen decreased their target price on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $169.00.

TFI International Stock Performance

NYSE TFII opened at $135.37 on Wednesday. The firm has a 50-day moving average of $144.19 and a 200-day moving average of $144.23. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98. The stock has a market cap of $11.43 billion, a PE ratio of 24.61, a P/E/G ratio of 1.43 and a beta of 1.58. TFI International has a 52-week low of $126.00 and a 52-week high of $162.13.

TFI International (NYSE:TFII) last posted its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the business posted $1.57 EPS. On average, sell-side analysts anticipate that TFI International will post 5.95 EPS for the current year.

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.33%. TFI International’s payout ratio is 32.73%.

Institutional Investors Weigh In On TFI International

A number of institutional investors have recently added to or reduced their stakes in TFII. Toronto Dominion Bank grew its holdings in TFI International by 17.4% during the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock worth $6,329,000 after acquiring an additional 6,475 shares during the last quarter. QV Investors Inc. bought a new stake in TFI International during the 3rd quarter worth approximately $29,891,000. Dixon Mitchell Investment Counsel Inc. grew its holdings in TFI International by 0.4% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock worth $74,242,000 after acquiring an additional 1,980 shares during the last quarter. Entropy Technologies LP bought a new stake in TFI International during the 3rd quarter worth approximately $643,000. Finally, Plato Investment Management Ltd bought a new stake in TFI International during the 3rd quarter worth approximately $134,000. 73.30% of the stock is owned by institutional investors.

TFI International Company Profile

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.