TFI International (NYSE:TFII) Stock Rating Upgraded by National Bank Financial

National Bank Financial upgraded shares of TFI International (NYSE:TFII) from a hold rating to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

TFII has been the subject of a number of other research reports. Royal Bank of Canada dropped their target price on TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. CIBC dropped their price objective on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a report on Friday, February 21st. UBS Group lowered shares of TFI International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $163.00 to $107.00 in a research note on Friday, February 21st. Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, Citigroup cut their price objective on shares of TFI International from $162.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.71.

TFI International Trading Up 4.7 %

Shares of NYSE TFII opened at $79.40 on Thursday. TFI International has a 1-year low of $72.02 and a 1-year high of $162.13. The company has a 50-day moving average of $101.28 and a two-hundred day moving average of $127.14. The company has a market cap of $6.68 billion, a PE ratio of 15.88, a P/E/G ratio of 1.11 and a beta of 1.57. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, equities analysts expect that TFI International will post 7.76 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.27%. The ex-dividend date is Monday, March 31st. TFI International’s payout ratio is presently 36.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. acquired a new stake in shares of TFI International during the fourth quarter worth about $148,623,000. Geode Capital Management LLC increased its stake in TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after purchasing an additional 112,455 shares in the last quarter. iA Global Asset Management Inc. increased its stake in TFI International by 1,894.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after purchasing an additional 31,260 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in TFI International during the 3rd quarter worth approximately $2,373,000. Finally, Toronto Dominion Bank lifted its stake in TFI International by 37.9% in the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after buying an additional 16,510 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

About TFI International

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.