Royal Bank of Canada Lowers TFI International (NYSE:TFII) Price Target to $162.00

TFI International (NYSE:TFII) had its price objective reduced by equities research analysts at Royal Bank of Canada from $173.00 to $162.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 24.30% from the stock’s current price.

Several other brokerages have also recently issued reports on TFII. Scotiabank raised shares of TFI International from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, January 22nd. CIBC lifted their price objective on TFI International from $167.00 to $175.00 and gave the company an “outperformer” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group increased their target price on shares of TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. BMO Capital Markets lifted their price target on shares of TFI International from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Monday, February 12th. Finally, Stifel Nicolaus increased their price objective on shares of TFI International from $148.00 to $149.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.78.

TFI International Trading Down 4.0 %

TFI International stock opened at $130.33 on Monday. The stock has a market cap of $11.02 billion, a PE ratio of 23.15, a P/E/G ratio of 1.42 and a beta of 1.52. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $151.29 and a 200 day moving average price of $134.32. TFI International has a 52 week low of $102.94 and a 52 week high of $162.13.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.15). TFI International had a return on equity of 20.39% and a net margin of 6.44%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.89 billion. Equities research analysts predict that TFI International will post 7.47 earnings per share for the current fiscal year.

Institutional Trading of TFI International

Institutional investors and hedge funds have recently made changes to their positions in the stock. CDAM UK Ltd increased its position in TFI International by 6.9% in the fourth quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock worth $51,932,000 after buying an additional 24,730 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of TFI International in the 1st quarter worth about $42,583,000. Argent Capital Management LLC lifted its position in TFI International by 793.1% in the 1st quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock valued at $28,927,000 after purchasing an additional 161,094 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in TFI International by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock valued at $27,798,000 after purchasing an additional 2,914 shares during the period. Finally, AGF Management Ltd. grew its position in TFI International by 67.5% in the 4th quarter. AGF Management Ltd. now owns 41,139 shares of the company’s stock worth $5,596,000 after purchasing an additional 16,573 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.