Royal Bank of Canada Lowers TFI International (NYSE:TFII) Price Target to $127.00

TFI International (NYSE:TFII) had its price target cut by Royal Bank of Canada from $156.00 to $127.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 34.13% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. CIBC reduced their target price on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research note on Friday. The Goldman Sachs Group reduced their target price on TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. UBS Group cut TFI International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $163.00 to $107.00 in a research note on Friday. Stifel Nicolaus reduced their target price on TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a research note on Friday. Finally, Bank of America cut TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.07.

TFI International Stock Down 6.7 %

NYSE TFII opened at $94.69 on Friday. The stock has a market cap of $7.97 billion, a PE ratio of 18.94, a P/E/G ratio of 1.11 and a beta of 1.57. TFI International has a fifty-two week low of $92.66 and a fifty-two week high of $162.13. The business has a 50 day moving average price of $133.57 and a two-hundred day moving average price of $140.22. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. As a group, sell-side analysts predict that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Investors Weigh In On TFI International

Several large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. acquired a new stake in TFI International in the fourth quarter worth $148,623,000. Geode Capital Management LLC increased its position in TFI International by 31.5% in the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after buying an additional 112,455 shares during the period. CDAM UK Ltd increased its position in TFI International by 2.5% in the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock worth $51,483,000 after buying an additional 9,200 shares during the period. Amundi increased its position in TFI International by 2.4% in the fourth quarter. Amundi now owns 181,202 shares of the company’s stock worth $24,134,000 after buying an additional 4,266 shares during the period. Finally, Bank of New York Mellon Corp increased its position in TFI International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock worth $10,621,000 after buying an additional 4,763 shares during the period. 73.30% of the stock is owned by institutional investors and hedge funds.

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.