TFI International (NYSE:TFII) PT Lowered to $143.00

TFI International (NYSE:TFII) had its price objective reduced by stock analysts at Bank of America from $152.00 to $143.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s price objective would suggest a potential upside of 8.59% from the stock’s current price.

TFII has been the subject of a number of other research reports. National Bank Financial cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their price objective on TFI International from $184.00 to $181.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. Citigroup began coverage on TFI International in a research report on Wednesday, October 9th. They issued a “buy” rating and a $159.00 target price on the stock. Stifel Nicolaus dropped their price target on TFI International from $162.00 to $158.00 and set a “buy” rating for the company in a research report on Monday. Finally, Stephens restated an “equal weight” rating and issued a $149.00 price objective (down previously from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, TFI International presently has a consensus rating of “Moderate Buy” and an average target price of $167.94.

TFI International Stock Performance

NYSE TFII opened at $131.69 on Tuesday. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.51 and a beta of 1.55. The stock has a 50-day moving average of $142.63 and a 200 day moving average of $142.96. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. TFI International has a twelve month low of $104.91 and a twelve month high of $162.13.

TFI International (NYSE:TFII) last announced its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. During the same quarter last year, the business earned $1.57 EPS. Sell-side analysts anticipate that TFI International will post 6.68 EPS for the current fiscal year.

Hedge Funds Weigh In On TFI International

Several large investors have recently made changes to their positions in the stock. iA Global Asset Management Inc. purchased a new position in TFI International during the 2nd quarter valued at about $240,000. Industrial Alliance Investment Management Inc. boosted its stake in shares of TFI International by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after purchasing an additional 80 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of TFI International by 1,200.0% in the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after purchasing an additional 4,200 shares during the period. Summit Global Investments grew its holdings in shares of TFI International by 83.7% in the second quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after purchasing an additional 3,012 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in 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 period. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.