TFI International (TSE:TFI) Upgraded to “Moderate Buy” at Desjardins

Desjardins upgraded shares of TFI International (TSE:TFI) from a hold rating to a moderate buy rating in a research note released on Monday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on TFI. Citigroup raised TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Stephens cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, Wolfe Research raised shares of TFI International to a “strong-buy” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, TFI International currently has a consensus rating of “Buy”.

TFI International Price Performance

TFI International (TSE:TFI) last released its quarterly earnings data on Monday, October 21st. The company reported C$2.18 earnings per share for the quarter, missing the consensus estimate of C$2.43 by C($0.25). The company had revenue of C$2.98 billion for the quarter, compared to analysts’ expectations of C$3.10 billion.

TFI International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.609 per share. This is a boost from TFI International’s previous quarterly dividend of $0.54. This represents a $2.44 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Tuesday, December 31st.