Bank of America Increases TFI International (NYSE:TFII) Price Target to $166.00

TFI International (NYSE:TFII) had its price objective increased by Bank of America from $154.00 to $166.00 in a research report sent to investors on Monday morning, Benzinga reports. Bank of America currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on the company. The Goldman Sachs Group increased their price target on TFI International from $157.00 to $173.00 and gave the stock a buy rating in a report on Thursday, April 11th. Morgan Stanley increased their price target on TFI International from $169.00 to $176.00 and gave the stock an overweight rating in a report on Monday, February 12th. Royal Bank of Canada restated an outperform rating and set a $155.00 target price on shares of TFI International in a report on Monday, February 12th. BMO Capital Markets raised their target price on TFI International from $130.00 to $140.00 and gave the company a market perform rating in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. lowered their target price on TFI International from $133.00 to $132.00 and set an overweight rating for the company in a report on Thursday, December 21st. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, TFI International presently has an average rating of Moderate Buy and a consensus target price of $159.83.

TFI International Stock Performance

NYSE TFII opened at $141.62 on Monday. The stock has a market cap of $11.98 billion, a PE ratio of 24.38, a P/E/G ratio of 1.58 and a beta of 1.52. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. TFI International has a twelve month low of $100.96 and a twelve month high of $162.13. The stock has a fifty day simple moving average of $151.95 and a 200-day simple moving average of $133.33.

TFI International (NYSE:TFII) last released its quarterly earnings results on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. TFI International had a return on equity of 20.92% and a net margin of 6.71%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 EPS. Equities analysts anticipate that TFI International will post 7.49 earnings per share for the current year.

TFI International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date was Wednesday, March 27th. TFI International’s dividend payout ratio (DPR) is 27.54%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC acquired a new position in TFI International during the third quarter worth approximately $27,000. SG Americas Securities LLC acquired a new position in shares of TFI International in the third quarter valued at approximately $257,000. Clearbridge Investments LLC acquired a new position in shares of TFI International in the fourth quarter valued at approximately $287,000. Ensign Peak Advisors Inc increased its holdings in shares of TFI International by 94.1% in the third quarter. Ensign Peak Advisors Inc now owns 3,300 shares of the company’s stock valued at $315,000 after purchasing an additional 1,600 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its holdings in shares of TFI International by 67.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock valued at $522,000 after purchasing an additional 1,542 shares during the period. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.