TFI International (NYSE:TFII) Trading Down 4.9% After Analyst Downgrade

TFI International Inc. (NYSE:TFII)’s stock price was down 4.9% during trading on Tuesday 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 $80.19 and last traded at $81.98. Approximately 746,534 shares changed hands during mid-day trading, an increase of 100% from the average daily volume of 372,591 shares. The stock had previously closed at $86.21.

Other research analysts also recently issued research reports about the stock. Bank of America downgraded shares of TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday, February 20th. Citigroup dropped their price objective on TFI International from $162.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Stephens decreased their target price on TFI International from $138.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. Veritas downgraded TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One investment 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $148.93.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently made changes to their positions in the business. Entropy Technologies LP bought a new stake in TFI International in the third quarter valued at about $643,000. Plato Investment Management Ltd acquired a new stake in TFI International during the third quarter valued at approximately $134,000. Quantbot Technologies LP boosted its holdings 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 purchasing an additional 16,047 shares in the last quarter. iA Global Asset Management Inc. grew its stake in shares of TFI International by 1,894.5% in the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after purchasing an additional 31,260 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of TFI International in the 3rd quarter worth approximately $2,373,000. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Price Performance

The firm has a market cap of $6.89 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.11 and a beta of 1.57. The company has a 50-day moving average of $125.86 and a 200 day moving average of $137.38. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03.

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

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.