TFI International Inc. (NASDAQ:TFII)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $88.94 and last traded at $88.55, with a volume of 1648 shares trading hands. The stock had previously closed at $88.61.
TFII has been the subject of a number of recent research reports. Morgan Stanley lifted their target price on TFI International from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, May 5th. Credit Suisse Group lifted their price target on TFI International from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, May 5th. Desjardins lifted their price target on TFI International from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, February 10th. Zacks Investment Research downgraded TFI International from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 14th. Finally, The Goldman Sachs Group started coverage on TFI International in a report on Tuesday. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. TFI International has a consensus rating of “Buy” and a consensus target price of $91.29.
The company has a debt-to-equity ratio of 0.46, a current ratio of 1.17 and a quick ratio of 1.16. The business has a fifty day simple moving average of $78.85 and a 200 day simple moving average of $63.98.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were given a $0.2324 dividend. The ex-dividend date was Tuesday, March 30th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from TFI International’s previous quarterly dividend of $0.23.
Several hedge funds have recently made changes to their positions in TFII. Private Capital Group LLC purchased a new position in shares of TFI International in the fourth quarter valued at $34,000. Baskin Financial Services Inc. increased its position in TFI International by 3.3% during the 4th quarter. Baskin Financial Services Inc. now owns 542,315 shares of the company’s stock worth $27,894,000 after purchasing an additional 17,541 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in TFI International by 26.1% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 55,427 shares of the company’s stock worth $2,845,000 after purchasing an additional 11,466 shares in the last quarter. Toronto Dominion Bank increased its position in TFI International by 2.3% during the 4th quarter. Toronto Dominion Bank now owns 38,553 shares of the company’s stock worth $1,979,000 after purchasing an additional 885 shares in the last quarter. Finally, FDx Advisors Inc. purchased a new stake in TFI International during the 4th quarter worth about $601,000. Institutional investors and hedge funds own 43.63% of the company’s stock.
About TFI International (NASDAQ:TFII)
TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.
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