TFI International (NYSE:TFII) Price Target Cut to $170.00

TFI International (NYSE:TFII) had its target price reduced by stock analysts at Susquehanna from $180.00 to $170.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price objective points to a potential upside of 25.98% from the company’s previous close.

A number of other research firms have also weighed in on TFII. CIBC decreased their target price 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. Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Royal Bank of Canada raised their price objective on TFI International from $162.00 to $171.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Stifel Nicolaus lowered shares of TFI International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $158.00 to $142.00 in a report on Wednesday. Finally, National Bank Financial lowered TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.94.

TFI International Trading Up 2.5 %

Shares of TFI International stock opened at $134.94 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84. TFI International has a twelve month low of $104.91 and a twelve month high of $162.13. The firm has a market capitalization of $11.42 billion, a PE ratio of 24.53, a P/E/G ratio of 1.50 and a beta of 1.55. The firm’s 50-day moving average price is $142.35 and its 200 day moving average price is $142.88.

TFI International (NYSE:TFII) last released its earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the business earned $1.57 EPS. On average, sell-side analysts predict that TFI International will post 6.64 EPS for the current fiscal year.

Institutional Investors Weigh In On TFI International

A number of institutional investors and hedge funds have recently bought and sold shares of TFII. Hillsdale Investment Management Inc. grew its holdings in shares of TFI International by 1,200.0% during 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 grew its stake in TFI International by 17.4% during the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock worth $6,329,000 after buying an additional 6,475 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in TFI International during the 1st quarter worth approximately $10,118,000. AGF Management Ltd. increased its position in TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after buying an additional 87,223 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in TFI International by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock valued at $8,699,000 after buying an additional 6,808 shares during 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.