TFI International (NYSE:TFII) PT Lowered to $181.00

TFI International (NYSE:TFII) had its price objective dropped by JPMorgan Chase & Co. from $184.00 to $181.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 34.13% from the company’s current price.

Several other research firms have also recently weighed in on TFII. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Bank of America lifted their price target on shares of TFI International from $148.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Royal Bank of Canada boosted their price objective on shares of TFI International from $162.00 to $171.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Desjardins cut shares of TFI International from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, TD Cowen lifted their price target on shares of TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.00.

TFI International Stock Up 1.3 %

Shares of TFI International stock traded up $1.71 during midday trading on Tuesday, reaching $134.94. 104,561 shares of the company’s stock traded hands, compared to its average volume of 260,768. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13. The company’s 50 day simple moving average is $144.92 and its 200 day simple moving average is $144.64. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55.

TFI International (NYSE:TFII) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.10. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period last year, the firm earned $1.59 EPS. Equities analysts expect that TFI International will post 6.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TFI International

Hedge funds have recently made changes to their positions in the company. Argent Capital Management LLC boosted its position in shares of TFI International by 2.5% during the fourth quarter. Argent Capital Management LLC now owns 20,313 shares of the company’s stock worth $2,762,000 after buying an additional 494 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in TFI International during the 1st quarter worth approximately $42,583,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of TFI International by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock worth $27,798,000 after acquiring an additional 2,914 shares in the last quarter. UMB Bank n.a. purchased a new stake in TFI International in the 1st quarter valued at approximately $136,000. Finally, Van ECK Associates Corp increased its holdings in shares of TFI International by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after buying an additional 743 shares during the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

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.