National Bankshares Cuts TFI International (NYSE:TFII) Price Target to $198.00

TFI International (NYSE:TFII) had its price target lowered by research analysts at National Bankshares from $209.00 to $198.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 46.73% from the stock’s previous close.

TFII has been the topic of a number of other research reports. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Stifel Nicolaus downgraded TFI International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $158.00 to $142.00 in a research note on Wednesday. Susquehanna cut their price objective on TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a report on Wednesday. Bank of America lowered their target price on TFI International from $152.00 to $143.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Citigroup cut their price target on TFI International from $159.00 to $158.00 and set a “buy” rating for the company in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.94.

TFI International Stock Up 2.5 %

TFI International stock opened at $134.94 on Wednesday. TFI International has a 12 month low of $104.91 and a 12 month high of $162.13. The stock has a fifty day simple moving average of $142.35 and a two-hundred day simple moving average of $142.88. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.50 and a beta of 1.55.

TFI International (NYSE:TFII) last released its quarterly earnings data on Monday, October 21st. The company reported $1.60 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 the consensus estimate of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same quarter in the previous year, the business posted $1.57 earnings per share. Equities analysts predict that TFI International will post 6.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TFII. Dixon Mitchell Investment Counsel Inc. lifted its position in shares of TFI International by 0.4% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock valued at $74,242,000 after acquiring an additional 1,980 shares in the last quarter. QV Investors Inc. purchased a new position in TFI International in the 3rd quarter worth approximately $29,891,000. Toronto Dominion Bank lifted its holdings in TFI International by 17.4% in the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock worth $6,329,000 after purchasing an additional 6,475 shares in the last quarter. AGF Management Ltd. boosted its stake in TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after purchasing an additional 87,223 shares during the period. Finally, NewGen Asset Management Ltd grew its holdings in TFI International by 5.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock valued at $2,903,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

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.