TFI International (NYSE:TFII) Price Target Lowered to $110.00 at Stephens

TFI International (NYSE:TFII) had its price target lowered by research analysts at Stephens from $138.00 to $110.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the stock. Stephens’ target price would indicate a potential upside of 19.37% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Veritas lowered TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus reduced their price target on shares of TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday. The Goldman Sachs Group lowered their price objective on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a report on Friday. Bank of America lowered TFI International from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 20th. Finally, CIBC decreased 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $151.43.

TFI International Stock Up 1.8 %

TFI International stock traded up $1.65 during mid-day trading on Tuesday, reaching $92.15. The stock had a trading volume of 807,977 shares, compared to its average volume of 337,963. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. TFI International has a fifty-two week low of $88.76 and a fifty-two week high of $162.13. The firm has a market capitalization of $7.76 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. The stock’s 50-day simple moving average is $132.33 and its 200-day simple moving average is $139.80.

TFI International (NYSE:TFII) last issued its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). The business had revenue of $2.08 billion for 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%. On average, sell-side analysts forecast that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Trading of TFI International

Several hedge funds have recently modified their holdings of TFII. Brown Brothers Harriman & Co. raised its stake in TFI International by 124.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after purchasing an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after buying an additional 160 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of TFI International during the 3rd quarter valued at about $134,000. Entropy Technologies LP bought a new position in shares of TFI International in the 3rd quarter valued at about $643,000. Finally, Legato Capital Management LLC grew its position in TFI International by 8.9% in the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after acquiring an additional 859 shares in the last quarter. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.