TFI International (NYSE:TFII) Cut to “Hold” at National Bank Financial

National Bank Financial cut shares of TFI International (NYSE:TFII) from a strong-buy rating to a hold rating in a report issued on Friday, Zacks.com reports.

Several other research firms also recently weighed in on TFII. Royal Bank of Canada raised their price target on shares of TFI International from $162.00 to $171.00 and gave the stock an outperform rating in a research note on Monday. Cormark upgraded shares of TFI International from a hold rating to a moderate buy rating in a research report on Monday, July 15th. TD Cowen raised their price objective on shares of TFI International from $176.00 to $184.00 and gave the stock a buy rating in a research report on Monday. Bank of America raised their price objective on shares of TFI International from $148.00 to $165.00 and gave the stock a neutral rating in a research report on Monday, July 22nd. Finally, Desjardins cut shares of TFI International from a buy rating to a hold rating in a research report on Wednesday, July 17th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, TFI International presently has a consensus rating of Moderate Buy and a consensus price target of $166.24.

TFI International Stock Performance

TFII opened at $150.81 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.65 and a beta of 1.56. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The firm’s fifty day simple moving average is $142.84 and its two-hundred day simple moving average is $143.92.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.10. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. Equities analysts anticipate that TFI International will post 6.74 earnings per share for the current fiscal year.

TFI International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, June 28th. TFI International’s payout ratio is 28.60%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. lifted its stake in TFI International by 1,200.0% in the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock worth $726,000 after acquiring an additional 4,200 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in TFI International in the first quarter worth approximately $10,118,000. Russell Investments Group Ltd. lifted its stake in TFI International by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock worth $8,699,000 after acquiring an additional 6,808 shares during the last quarter. CDAM UK Ltd lifted its stake in TFI International by 6.9% in the fourth quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock worth $51,932,000 after acquiring an additional 24,730 shares during the last quarter. Finally, AGF Management Ltd. lifted its position in shares of TFI International by 67.5% during the 4th quarter. AGF Management Ltd. now owns 41,139 shares of the company’s stock worth $5,596,000 after buying an additional 16,573 shares during the last quarter. Hedge funds and other institutional investors 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.