Several other brokerages have also issued reports on TFII. Morgan Stanley boosted their target price on shares of TFI International from $131.00 to $140.00 and gave the company an overweight rating in a research report on Wednesday, January 11th. Desjardins reduced their price objective on TFI International from C$174.00 to C$172.00 in a research note on Monday, October 31st. Cowen lifted their target price on TFI International from $123.00 to $125.00 and gave the company an outperform rating in a research report on Thursday, December 8th. TD Securities upped their price target on TFI International from C$160.00 to C$180.00 in a research report on Monday, October 31st. Finally, National Bank Financial lifted their price objective on TFI International from C$145.00 to C$162.00 in a research report on Wednesday, January 11th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, TFI International currently has an average rating of Moderate Buy and a consensus target price of $130.63.
TFI International Stock Performance
Shares of NYSE TFII opened at $109.37 on Tuesday. The firm’s 50-day moving average price is $104.32 and its 200-day moving average price is $99.89. TFI International has a 52-week low of $71.63 and a 52-week high of $112.25. The company has a market cap of $9.46 billion, a PE ratio of 12.41, a PEG ratio of 0.76 and a beta of 1.60. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 0.55.
TFI International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 16th. Shareholders of record on Friday, December 30th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Thursday, December 29th. This is an increase from TFI International’s previous quarterly dividend of $0.27. TFI International’s dividend payout ratio is 15.89%.
Institutional Investors Weigh In On TFI International
Large investors have recently made changes to their positions in the company. Turtle Creek Asset Management Inc. boosted its stake in TFI International by 40.2% during the second quarter. Turtle Creek Asset Management Inc. now owns 2,361,086 shares of the company’s stock valued at $189,548,000 after buying an additional 676,650 shares during the last quarter. QV Investors Inc. purchased a new stake in shares of TFI International during the 2nd quarter worth approximately $29,066,000. Distillate Capital Partners LLC bought a new position in shares of TFI International during the 3rd quarter valued at approximately $215,000. Russell Investments Group Ltd. grew its holdings in shares of TFI International by 3.5% in the third quarter. Russell Investments Group Ltd. now owns 64,106 shares of the company’s stock valued at $5,830,000 after purchasing an additional 2,176 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its position in TFI International by 1.2% in the third quarter. Achmea Investment Management B.V. now owns 45,482 shares of the company’s stock worth $4,138,000 after purchasing an additional 526 shares during the last quarter. 60.31% of the stock is owned by institutional investors.
TFI International Company Profile
TFI International, Inc engages in the provision of freight transportation and logistics services. It operates through the following segments: Package and Courier, Less-Than-Truckload, Truckload, and Logistics. The Package and Courier segment consists of pickup, transport, and delivery of items across North America.
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