JPMorgan Chase & Co. Boosts TFI International (NYSE:TFII) Price Target to $184.00

TFI International (NYSE:TFII) had its target price boosted by JPMorgan Chase & Co. from $170.00 to $184.00 in a research note issued to investors on Monday, BayStreet.CA reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities research analysts also recently commented on the company. Desjardins downgraded TFI International from a buy rating to a hold rating in a research report on Wednesday, July 17th. TD Cowen increased their target price on TFI International from $176.00 to $184.00 and gave the company a buy rating in a research report on Monday. National Bank Financial raised shares of TFI International from a sector perform under weight rating to an outperfrom under weight rating in a report on Friday, April 26th. The Goldman Sachs Group upped their price target on shares of TFI International from $157.00 to $173.00 and gave the company a buy rating in a research note on Thursday, April 11th. Finally, Cormark raised shares of TFI International from a hold rating to a moderate buy rating in a research note on Monday, July 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $167.94.

TFI International Stock Up 1.7 %

NYSE TFII opened at $155.76 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. TFI International has a 12 month low of $104.91 and a 12 month high of $162.13. The stock’s 50 day moving average is $143.72 and its 200 day moving average is $144.12. The stock has a market cap of $13.18 billion, a PE ratio of 27.67, a P/E/G ratio of 1.62 and a beta of 1.56.

TFI International (NYSE:TFII) last issued its earnings results on Thursday, July 25th. The company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.10. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. TFI International’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 earnings per share. Research analysts predict that TFI International will post 6.74 EPS for the current fiscal year.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, June 28th. TFI International’s payout ratio is currently 28.60%.

Hedge Funds Weigh In On TFI International

Several hedge funds have recently bought and sold shares of TFII. UMB Bank n.a. bought a new stake in shares of TFI International during the first quarter valued at approximately $136,000. iA Global Asset Management Inc. purchased a new position in TFI International during the 2nd quarter worth $240,000. Clearbridge Investments LLC bought a new stake in TFI International during the 4th quarter valued at $287,000. Industrial Alliance Investment Management Inc. lifted its holdings in shares of TFI International by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after buying an additional 80 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of TFI International by 67.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock worth $522,000 after buying an additional 1,542 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

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.