Citigroup Begins Coverage on TFI International (NYSE:TFII)

Citigroup started coverage on shares of TFI International (NYSE:TFII) in a research note issued on Wednesday, Briefing.com reports. The firm set a “buy” rating and a $159.00 price target on the stock. Citigroup’s price objective would indicate a potential upside of 17.04% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Desjardins cut shares of TFI International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. TD Cowen increased 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, July 29th. Stifel Nicolaus increased their price objective on shares of TFI International from $151.00 to $162.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America upped their price objective on shares of TFI International from $148.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada upped their price objective on shares of TFI International from $162.00 to $171.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.44.

TFI International Trading Up 2.0 %

TFII opened at $135.85 on Wednesday. TFI International has a fifty-two week low of $104.91 and a fifty-two week high of $162.13. The firm has a 50 day simple moving average of $144.58 and a 200 day simple moving average of $144.46. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.

TFI International (NYSE:TFII) last released its earnings results on Thursday, July 25th. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.61 by $0.10. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 EPS. On average, sell-side analysts anticipate that TFI International will post 6.75 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. acquired a new position in shares of TFI International during the first quarter worth $136,000. iA Global Asset Management Inc. purchased a new position in shares of TFI International during the 2nd quarter worth approximately $240,000. Industrial Alliance Investment Management Inc. lifted its position in shares of TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after acquiring an additional 80 shares during the period. Hillsdale Investment Management Inc. grew its stake in TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after acquiring an additional 4,200 shares during the last quarter. Finally, Summit Global Investments raised its holdings in shares of TFI International by 83.7% in the second quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after acquiring an additional 3,012 shares during 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.