TFI International Inc. (NYSE:TFII) Receives Average Rating of “Hold” from Brokerages

TFI International Inc. (NYSE:TFII) has received a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $148.93.

A number of brokerages have recently issued reports on TFII. UBS Group downgraded shares of TFI International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $163.00 to $107.00 in a report on Friday, February 21st. Bank of America cut shares of TFI International from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 20th. Susquehanna dropped their price objective on TFI International from $170.00 to $135.00 and set a “positive” rating for the company in a research note on Monday. Royal Bank of Canada dropped their price target on TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Finally, Citigroup lowered their price objective on TFI International from $162.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th.

TFI International Price Performance

Shares of NYSE:TFII opened at $86.21 on Tuesday. The company’s 50-day moving average is $127.05 and its 200 day moving average is $137.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The company has a market capitalization of $7.26 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. TFI International has a fifty-two week low of $84.87 and a fifty-two week high of $162.13.

TFI International (NYSE:TFII) last released its quarterly earnings data 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 for 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%. On average, equities research analysts forecast that TFI International will post 7.76 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of TFI International by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after purchasing an additional 22,566 shares during the period. Baillie Gifford & Co. purchased a new position in TFI International during the fourth quarter valued at approximately $148,623,000. Canoe Financial LP purchased a new position in TFI International during the fourth quarter valued at approximately $1,853,000. Quantbot Technologies LP increased its position in shares of TFI International by 295.1% in 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 purchased a new stake in shares of TFI International in the third quarter valued at approximately $643,000. 73.30% of the stock is currently owned by institutional investors.

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.