TFI International (NYSE:TFII) Cut to “Underperform” at Bank of America

Bank of America lowered shares of TFI International (NYSE:TFII) from a neutral rating to an underperform rating in a research report report published on Thursday, MarketBeat reports.

A number of other research firms also recently weighed in on TFII. TD Securities cut their price target on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Citigroup lifted their target price on TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price target on TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their price objective on TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.07.

TFI International Price Performance

TFII stock opened at $94.69 on Thursday. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. 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 has a 52-week low of $92.66 and a 52-week high of $162.13. The stock’s fifty day simple moving average is $133.57 and its 200-day simple moving average is $140.22.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.40). The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. Equities research analysts expect that TFI International will post 7.76 EPS for the current year.

Institutional Trading of TFI International

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of TFI International by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after purchasing an additional 22,566 shares during the last quarter. Baillie Gifford & Co. acquired a new position in TFI International in the fourth quarter worth about $148,623,000. Canoe Financial LP bought a new stake in TFI International in the fourth quarter valued at about $1,853,000. Quantbot Technologies LP raised its stake in TFI International by 295.1% during the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after buying an additional 16,047 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of TFI International in the 3rd quarter worth approximately $643,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.