The Goldman Sachs Group Has Lowered Expectations for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its target price cut by equities researchers at The Goldman Sachs Group from $176.00 to $150.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 56.24% from the stock’s previous close.

Several other research firms have also recently commented on TFII. UBS Group cut TFI International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $163.00 to $107.00 in a research report on Friday. CIBC lowered their target price on TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a research report on Friday. Stifel Nicolaus lowered their target price on TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, Citigroup raised their target price on TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $159.43.

TFI International Stock Performance

Shares of NYSE TFII traded down $5.48 during mid-day trading on Friday, hitting $96.01. The company had a trading volume of 533,997 shares, compared to its average volume of 272,218. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.40 and a beta of 1.57. TFI International has a 12 month low of $95.90 and a 12 month high of $162.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The firm’s 50 day simple moving average is $134.73 and its two-hundred day simple moving average is $140.62.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.40). The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. TFI International had a return on equity of 18.43% and a net margin of 5.08%. As a group, equities research analysts forecast that TFI International will post 7.76 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

Hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its holdings in shares of TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after acquiring an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after acquiring an additional 160 shares during the last quarter. Plato Investment Management Ltd acquired a new position in shares of TFI International in the 3rd quarter worth $134,000. Entropy Technologies LP acquired a new position in shares of TFI International in the 3rd quarter worth $643,000. Finally, Legato Capital Management LLC grew its holdings in shares of TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after acquiring an additional 859 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.