TFI International (NYSE:TFII) Sets New 12-Month Low on Analyst Downgrade

Shares of TFI International Inc. (NYSE:TFII) hit a new 52-week low on Monday after Susquehanna lowered their price target on the stock from $170.00 to $135.00. Susquehanna currently has a positive rating on the stock. TFI International traded as low as $88.48 and last traded at $88.78, with a volume of 74055 shares traded. The stock had previously closed at $90.65.

A number of other brokerages have also weighed in on TFII. Royal Bank of Canada reduced their price objective on TFI International from $156.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Veritas downgraded TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Stephens cut their target price on TFI International from $138.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Finally, Citigroup cut their target price on TFI International from $162.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TFI International presently has a consensus rating of “Hold” and an average price target of $148.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in TFI International by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after buying an additional 22,566 shares in the last quarter. Baillie Gifford & Co. bought a new stake in TFI International in the 4th quarter valued at about $148,623,000. Canoe Financial LP bought a new stake in TFI International in the 4th quarter valued at about $1,853,000. Quantbot Technologies LP increased its position in TFI International by 295.1% in the 3rd 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 bought a new stake in TFI International in the 3rd quarter valued at about $643,000. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Price Performance

The firm 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. The business has a 50-day moving average of $127.05 and a 200 day moving average of $137.83. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86.

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

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.