TFI International (NYSE:TFII) PT Lowered to $158.00

TFI International (NYSE:TFII) had its price objective dropped by research analysts at Stifel Nicolaus from $162.00 to $158.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 16.34% from the company’s previous close.

A number of other research firms have also commented on TFII. Citigroup started coverage on shares of TFI International in a research note on Wednesday, October 9th. They issued a “buy” rating and a $159.00 price objective on the stock. Royal Bank of Canada upped their price objective on shares of TFI International from $162.00 to $171.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. CIBC reduced their price objective on shares of TFI International from $179.00 to $174.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 1st. Desjardins downgraded shares of TFI International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, The Goldman Sachs Group dropped their target price on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, TFI International has an average rating of “Moderate Buy” and a consensus price target of $167.88.

TFI International Trading Down 1.4 %

TFII traded down $1.90 during trading on Monday, reaching $135.81. 79,404 shares of the company’s stock were exchanged, compared to its average volume of 258,738. TFI International has a one year low of $104.91 and a one year high of $162.13. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $11.49 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.51 and a beta of 1.55. The firm has a fifty day moving average price of $143.04 and a two-hundred day moving average price of $143.29.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the firm posted $1.59 EPS. The company’s quarterly revenue was up 26.4% on a year-over-year basis. As a group, equities research analysts forecast that TFI International will post 6.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. grew its holdings 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 worth $726,000 after purchasing an additional 4,200 shares during the last quarter. Toronto Dominion Bank boosted its holdings in TFI International by 17.4% in the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after acquiring an additional 6,475 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in TFI International in the first quarter valued at $10,118,000. AGF Management Ltd. boosted its position in TFI International by 359.1% during the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after acquiring an additional 87,223 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of TFI International by 14.3% in the 1st quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock valued at $8,699,000 after purchasing an additional 6,808 shares during the period. 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.