TFI International (NYSE:TFII) Price Target Increased to $129.00 by Analysts at Stifel Nicolaus

Posted by MarketBeat News on Aug 3rd, 2022

TFI International (NYSE:TFII – Get Rating) had its target price increased by Stifel Nicolaus from $127.00 to $129.00 in a report published on Tuesday, The Fly reports.

TFII has been the topic of a number of other reports. Credit Suisse Group raised their price target on shares of TFI International from $103.00 to $126.00 and gave the company a maintains rating in a research note on Monday. Cowen raised their target price on shares of TFI International from $102.00 to $120.00 in a research note on Monday. Royal Bank of Canada reissued a maintains rating on shares of TFI International in a research note on Tuesday. Scotiabank raised their target price on shares of TFI International from C$143.00 to C$157.00 in a research note on Tuesday. Finally, TD Securities raised their target price on shares of TFI International from C$125.00 to C$160.00 in a research note on Tuesday. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, TFI International has an average rating of Moderate Buy and an average price target of $129.69.

TFI International Trading Down 1.5 %

Shares of TFI International stock opened at $99.37 on Tuesday. The firm has a market capitalization of $8.85 billion, a PE ratio of 13.27, a P/E/G ratio of 0.76 and a beta of 1.72. TFI International has a twelve month low of $71.63 and a twelve month high of $120.50. The firm’s 50-day moving average price is $83.19 and its 200 day moving average price is $90.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.71.

TFI International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.09%. TFI International’s dividend payout ratio is currently 14.42%.

Institutional Trading of TFI International

Several institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its holdings in TFI International by 5.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 61,930 shares of the company’s stock valued at $4,959,000 after purchasing an additional 2,989 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in TFI International by 45.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 332,650 shares of the company’s stock valued at $26,703,000 after purchasing an additional 103,377 shares during the last quarter. QV Investors Inc. acquired a new stake in TFI International in the 2nd quarter valued at approximately $29,066,000. Aurora Investment Counsel acquired a new stake in TFI International in the 1st quarter valued at approximately $1,361,000. Finally, Achmea Investment Management B.V. acquired a new stake in TFI International in the 1st quarter valued at approximately $4,829,000. Institutional investors and hedge funds own 60.04% of the company’s stock.

About TFI International

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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.