The Goldman Sachs Group Issues Pessimistic Forecast for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its price target dropped by research analysts at The Goldman Sachs Group from $176.00 to $150.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 58.42% from the stock’s current price.

Several other analysts also recently issued reports on the company. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. CIBC reduced their price target on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research note on Friday. Citigroup boosted their price target on TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus reduced their price target on TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a research note on Friday. Finally, Bank of America downgraded TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.07.

TFI International Stock Performance

Shares of NYSE TFII opened at $94.69 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. TFI International has a 12 month low of $92.66 and a 12 month high of $162.13. The stock has a 50 day moving average of $133.57 and a 200-day moving average of $140.22. The company has a market capitalization of $7.97 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.11 and a beta of 1.57.

TFI International (NYSE:TFII) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities research analysts predict that TFI International will post 7.76 EPS for the current year.

Hedge Funds Weigh In On TFI International

Institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. increased its holdings in TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after purchasing an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after purchasing an additional 160 shares in the last quarter. Plato Investment Management Ltd acquired a new position in TFI International in the 3rd quarter worth about $134,000. Entropy Technologies LP acquired a new position in TFI International in the 3rd quarter worth about $643,000. Finally, Legato Capital Management LLC increased its holdings in TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after purchasing an additional 859 shares in the last quarter. Institutional investors and hedge funds 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.