TFI International (NASDAQ:TFII) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of TFI International (NASDAQ:TFII) from a hold rating to a strong sell rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “TFI International Inc. is in the transportation and logistics industry. The Company identifies strategic acquisitions and manages a network of subsidiaries. It operates principally in the United States, Canada and Mexico. TFI International Inc. is based in St Laurent, Canada. “

A number of other equities analysts also recently weighed in on TFII. CIBC raised shares of TFI International from a neutral rating to a sector outperform rating in a research note on Tuesday, January 26th. Cowen lifted their price objective on shares of TFI International from $53.00 to $82.00 and gave the company an outperform rating in a research note on Tuesday, January 26th. UBS Group cut shares of TFI International from a buy rating to a neutral rating in a report on Friday, February 12th. Morgan Stanley boosted their target price on TFI International from $61.00 to $100.00 and gave the company an overweight rating in a research report on Tuesday. Finally, TD Securities lifted their price target on shares of TFI International from $110.00 to $115.00 and gave the company a buy rating in a research report on Wednesday, February 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $85.47.

Shares of NASDAQ TFII opened at $77.39 on Wednesday. The stock has a 50-day moving average price of $73.73 and a two-hundred day moving average price of $59.46. TFI International has a 12 month low of $22.33 and a 12 month high of $81.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.17 and a quick ratio of 1.16.

TFI International (NASDAQ:TFII) last issued its earnings results on Sunday, February 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.46. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.02 billion. Equities analysts forecast that TFI International will post 3.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were issued a $0.2324 dividend. The ex-dividend date was Tuesday, March 30th. This represents a $0.93 annualized dividend and a dividend yield of 1.20%. This is an increase from TFI International’s previous quarterly dividend of $0.23.

Hedge funds have recently made changes to their positions in the business. Cumberland Partners Ltd raised its position in TFI International by 174.8% during the 4th quarter. Cumberland Partners Ltd now owns 34,900 shares of the company’s stock valued at $1,795,000 after purchasing an additional 22,200 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of TFI International by 60.9% during the fourth quarter. Bank of New York Mellon Corp now owns 42,357 shares of the company’s stock valued at $2,185,000 after purchasing an additional 16,029 shares in the last quarter. Toronto Dominion Bank lifted its position in TFI International by 2.3% during the fourth quarter. Toronto Dominion Bank now owns 38,553 shares of the company’s stock valued at $1,979,000 after buying an additional 885 shares during the period. Barometer Capital Management Inc. lifted its position in TFI International by 1,928.9% during the 4th quarter. Barometer Capital Management Inc. now owns 81,155 shares of the company’s stock valued at $5,318,000 after acquiring an additional 77,155 shares during the period. Finally, FDx Advisors Inc. purchased a new position in shares of TFI International during the fourth quarter valued at approximately $601,000. Hedge funds and other institutional investors own 43.63% of the company’s stock.

TFI International 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 Package and Courier segment engages in the pickup, transport, and delivery of items.

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