TD Cowen Has Lowered Expectations for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its price target lowered by TD Cowen from $135.00 to $128.00 in a research note issued to investors on Friday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 66.23% from the company’s current price.

Several other analysts have also weighed in on TFII. Veritas upgraded shares of TFI International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. Stephens decreased their price target on shares of 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. CIBC cut their price objective on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group decreased their target price on TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, UBS Group downgraded TFI International from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $163.00 to $107.00 in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.86.

TFI International Stock Performance

Shares of TFI International stock opened at $77.00 on Friday. The business has a 50-day moving average price of $106.98 and a two-hundred day moving average price of $129.45. TFI International has a 1-year low of $76.86 and a 1-year high of $162.13. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The company has a market cap of $6.48 billion, a P/E ratio of 15.40, a PEG ratio of 1.11 and a beta of 1.62.

TFI International (NYSE:TFII) last released its 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 for the quarter, compared to analyst estimates of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. As a group, analysts anticipate that TFI International will post 7.76 EPS for the current year.

Institutional Trading of TFI International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. bought a new stake in TFI International in the 4th quarter worth about $148,623,000. Geode Capital Management LLC grew its holdings in shares of TFI International by 31.5% in the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock valued at $64,345,000 after acquiring an additional 112,455 shares in the last quarter. iA Global Asset Management Inc. increased its position in shares of TFI International by 1,894.5% during the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after acquiring an additional 31,260 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of TFI International during the third quarter valued at approximately $2,373,000. Finally, Toronto Dominion Bank lifted its holdings in TFI International by 37.9% during the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock worth $8,229,000 after acquiring an additional 16,510 shares during the period. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.