CIBC Cuts TFI International (NYSE:TFII) Price Target to $174.00

TFI International (NYSE:TFII) had its target price decreased by analysts at CIBC from $179.00 to $174.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 27.60% from the stock’s previous close.

TFII has been the subject of several other reports. Desjardins cut shares of TFI International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Bank of America lifted their target price on shares of TFI International from $148.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Stephens reaffirmed an “equal weight” rating and issued a $149.00 target price (down from $176.00) on shares of TFI International in a research note on Tuesday. Royal Bank of Canada lifted their target price on shares of TFI International from $162.00 to $171.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus lifted their target price on shares of TFI International from $151.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.20.

TFI International Price Performance

Shares of TFII stock traded down $0.53 during midday trading on Tuesday, reaching $136.36. 148,240 shares of the company traded hands, compared to its average volume of 259,698. The firm’s 50 day simple moving average is $146.76 and its two-hundred day simple moving average is $145.33. TFI International has a 1-year low of $104.91 and a 1-year high of $162.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. The firm has a market cap of $11.54 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.10. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm posted $1.59 EPS. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. On average, equities research analysts expect that TFI International will post 6.83 EPS for the current fiscal year.

Hedge Funds Weigh In On TFI International

A number of institutional investors have recently added to or reduced their stakes in TFII. UMB Bank n.a. acquired a new stake in shares of TFI International in the 1st quarter valued at about $136,000. iA Global Asset Management Inc. bought a new stake in shares of TFI International during the 2nd quarter valued at about $240,000. Industrial Alliance Investment Management Inc. grew its position in shares of TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after buying an additional 80 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position in shares of TFI International by 67.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock valued at $522,000 after buying an additional 1,542 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its position in shares of TFI International by 1,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after buying an additional 4,200 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.