TFI International (NYSE:TFII) Shares Gap Down Following Weak Earnings

TFI International Inc. (NYSE:TFII) shares gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $127.61, but opened at $119.58. TFI International shares last traded at $113.09, with a volume of 298,330 shares changing hands.

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 return on equity of 20.25% and a net margin of 5.67%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TFII shares. Bank of America cut shares of TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday. Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Citigroup boosted their target price on shares of TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus boosted their target price on shares of TFI International from $139.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Finally, CIBC boosted their target price on shares of TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, TFI International has a consensus rating of “Moderate Buy” and a consensus price target of $170.85.

Institutional Investors Weigh In On TFI International

Several institutional investors and hedge funds have recently bought and sold shares of TFII. Brown Brothers Harriman & Co. increased its holdings in TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after buying an additional 131 shares during the period. CIBC Private Wealth Group LLC increased its holdings in TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after buying an additional 160 shares during the period. Plato Investment Management Ltd bought a new stake in TFI International in the 3rd quarter valued at $134,000. Entropy Technologies LP bought a new stake in TFI International in the 3rd quarter valued at $643,000. Finally, Legato Capital Management LLC grew its holdings in shares of TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after purchasing an additional 859 shares during the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Trading Down 20.4 %

The company’s fifty day moving average price is $134.73 and its two-hundred day moving average price is $140.62. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The firm has a market cap of $8.55 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57.

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.