TFI International (NYSE:TFII) Stock Rating Lowered by Stifel Nicolaus

TFI International (NYSE:TFII) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Wednesday, Marketbeat.com reports. They currently have a $142.00 price target on the stock, down from their previous price target of $158.00. Stifel Nicolaus’ target price suggests a potential upside of 5.23% from the company’s current price.

Several other research analysts also recently issued reports on TFII. Bank of America lowered their price target on shares of TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a report on Tuesday. Royal Bank of Canada boosted 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. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. CIBC cut their price target on TFI International from $179.00 to $174.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 1st. Finally, Stephens reaffirmed an “equal weight” rating and issued a $149.00 price objective (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.94.

TFI International Stock Performance

TFI International stock opened at $134.94 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. The stock has a market cap of $11.42 billion, a PE ratio of 24.53, a P/E/G ratio of 1.50 and a beta of 1.55. TFI International has a 12-month low of $104.91 and a 12-month high of $162.13. The business’s 50-day moving average price is $142.35 and its two-hundred day moving average price is $142.88.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same quarter in the previous year, the business posted $1.57 earnings per share. As a group, analysts expect that TFI International will post 6.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TFII. Hillsdale Investment Management Inc. grew its stake in 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 period. Toronto Dominion Bank grew its position in shares of 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 period. Mediolanum International Funds Ltd bought a new stake in shares of TFI International in the 1st quarter valued at $10,118,000. AGF Management Ltd. raised its holdings in shares of TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after purchasing an additional 87,223 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in TFI International by 14.3% during the 1st quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock worth $8,699,000 after buying an additional 6,808 shares during the period. 73.30% of the stock is owned by institutional investors.

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.