TFI International Inc. (TFII:NYE), a leading transportation and logistics company, has been assigned an average recommendation of “Strong Buy” by eighteen brokerages currently covering the TFI International stock, according to Stock Target Advisor. The average twelve-month target price from analysts who have reported on the stock in the past year stands at $146.58 which implies a 33.5% increase from current levels.
TFI International Stock-Analyst Ratings:
Recent analyst ratings on TFI International stock include Morgan Stanley increasing the price target from $140.00 to $160.00 and assigning an “overweight” rating in their research report on February 13th.
Scotiabank also raised its price objective from C$170.00 to C$175.00 in a research report on February 7th.
On the other hand, Credit Suisse Group reduced their price objective from $137.00 to $121.00 in their report on April 28th.
Hedge Funds & Institutional Holdings:
Several hedge funds and institutional investors have recently made adjustments to their positions in TFI International. Steamboat Capital Partners LLC acquired a new stake in the company during the first quarter, valued at approximately $11,926,000.
Geode Capital Management LLC also increased its stake by 2.4% in the same quarter, now owning 253,106 shares worth $30,240,000. Hood River Capital Management LLC saw a 4.4% increase in its stake during the first quarter, with 571,958 shares valued at $68,229,000.
FORA Capital LLC entered a new position in TFI International in the first quarter with an estimated value of around $700,000. Lastly, Toronto Dominion Bank increased its holdings by 40.9% during the first quarter, now owning 56,573 shares worth $6,742,000.
Institutional investors and hedge funds currently own 60.31% of the TFI International stock.
TFI International Stock Price Performance:
On Wednesday, shares of TFI International opened at $109.81. The company has a market capitalization of $9.53 billion, a PE ratio of 12.58, and a beta of 1.54. Its fifty-day simple moving average is $112.55, while the 200-day simple moving average is $111.20.
TFI International has a current ratio of 1.32 and a quick ratio of 1.30, with a debt-to-equity ratio of 0.50. The stock has traded in the range of $71.63 to $128.93 over the past twelve months.
Quarterly Earnings Review:
In its most recent quarterly earnings report released on April 25th, TFI International reported earnings per share (EPS) of $1.33 for the quarter, falling short of the consensus estimate of $1.46 by ($0.13). The company generated $1.85 billion in revenue during the quarter, slightly below the analyst estimate of $1.93 billion.
TFI International’s net margin was 9.30%, with a return on equity of 28.48%. The company experienced a 15.6% decrease in revenue on a year-over-year basis. In the same quarter the previous year, TFI International recorded earnings per share of $1.68. Analysts expect the company to post earnings per share of 7.13 for the current fiscal year.
TFI International Stock Dividend:
TFI International recently announced an increase in its dividend, signaling positive news for investors. The company disclosed a quarterly dividend that will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will receive a dividend of $0.609 per share. This represents a significant increase from TFI International’s previous quarterly dividend of $0.35. The adjusted dividend payout ratio (DPR) currently stands at 16.04%.
Company Profile:
TFI International Inc. provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments.
The company was formerly known as TransForce Inc. and changed its name to TFI International Inc. in December 2016. TFI International Inc. was founded in 1957 and is headquartered in Saint-Laurent, Canada.
