TFI International (NYSE:TFII) Price Target Cut to $143.00 by Analysts at Bank of America

TFI International (NYSE:TFII) had its price objective cut by stock analysts at Bank of America from $152.00 to $143.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s target price would indicate a potential upside of 4.99% from the company’s previous close.

Several other brokerages also recently weighed in on TFII. Desjardins downgraded shares of TFI International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. National Bank Financial lowered shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. 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. Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. cut their price target on TFI International from $184.00 to $181.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.50.

TFI International Price Performance

Shares of TFI International stock traded up $1.49 on Tuesday, hitting $136.20. The company’s stock had a trading volume of 411,395 shares, compared to its average volume of 261,835. The company has a market capitalization of $11.52 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 1.51 and a beta of 1.55. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The firm has a fifty day moving average price of $142.83 and a 200-day moving average price of $143.12. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). The business had revenue of $2.18 billion during 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 period last year, the company earned $1.57 EPS. On average, equities research analysts expect that TFI International will post 6.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TFI International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Industrial Alliance Investment Management Inc. lifted its stake in shares of TFI International by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after purchasing an additional 80 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of TFI International by 6.9% during the first quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock valued at $1,835,000 after purchasing an additional 743 shares during the period. NewGen Asset Management Ltd lifted its position in shares of TFI International by 5.3% during the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after purchasing an additional 1,000 shares in the last quarter. Steamboat Capital Partners LLC boosted its stake in shares of TFI International by 1.6% in the first quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company’s stock valued at $11,214,000 after purchasing an additional 1,086 shares during the period. Finally, iA Global Asset Management Inc. acquired a new stake in TFI International during the 2nd quarter valued at $240,000. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Company Profile

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.