TFI International (NYSE:TFII) Price Target Raised to $125.00

TFI International (NYSE:TFII) had its price target increased by Royal Bank Of Canada from $102.00 to $125.00 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently commented on TFII. Morgan Stanley reaffirmed an “overweight” rating and set a $160.00 price objective on shares of TFI International in a research note on Monday, December 8th. Stifel Nicolaus increased their price target on TFI International from $93.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. CIBC raised their price target on TFI International from $109.00 to $112.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Citigroup cut their price objective on TFI International from $110.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. increased their target price on TFI International from $104.00 to $106.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $113.40.

TFI International Stock Up 0.5%

TFI International stock opened at $106.21 on Monday. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 6.06 and a beta of 1.50. The company’s 50 day simple moving average is $92.64 and its 200 day simple moving average is $91.61. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.05. TFI International has a fifty-two week low of $72.02 and a fifty-two week high of $141.46.

TFI International (NYSE:TFII) last posted its earnings results on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.49 billion. TFI International had a net margin of 4.06% and a return on equity of 14.20%. As a group, sell-side analysts anticipate that TFI International will post 7.76 EPS for the current year.

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 1.8%. This is a boost from TFI International’s previous quarterly dividend of $0.45. TFI International’s payout ratio is 48.45%.

Hedge Funds Weigh In On TFI International

Hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its holdings in TFI International by 20,080.0% during the third quarter. Cornerstone Planning Group LLC now owns 1,009 shares of the company’s stock worth $89,000 after acquiring an additional 1,004 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of TFI International during the 3rd quarter worth approximately $207,000. United Services Automobile Association acquired a new stake in shares of TFI International in the 1st quarter valued at approximately $217,000. FourThought Financial Partners LLC acquired a new stake in shares of TFI International in the 3rd quarter valued at approximately $245,000. Finally, Marshall Wace LLP bought a new position in shares of TFI International in the second quarter valued at $294,000. Institutional investors own 73.30% of the company’s stock.

TFI International Company Profile

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.