Stifel Nicolaus Issues Positive Forecast for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFIIFree Report) had its target price boosted by Stifel Nicolaus from $139.00 to $147.00 in a report issued on Thursday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also commented on TFII. Royal Bank of Canada decreased their price objective on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Stephens reiterated an “equal weight” rating and issued a $149.00 price objective (down previously from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Bank of America lowered their target price on TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group cut their price target on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.50.

Get Our Latest Report on TFII

TFI International Price Performance

TFII stock opened at $135.34 on Thursday. TFI International has a 52-week low of $126.00 and a 52-week high of $162.13. The company has a quick ratio of 0.96, 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 price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 1.52 and a beta of 1.58. The business has a fifty day moving average of $142.47 and a two-hundred day moving average of $143.71.

TFI International (NYSE:TFIIGet Free Report) last issued its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same period in the previous year, the business posted $1.57 earnings per share. As a group, research analysts anticipate that TFI International will post 5.94 earnings per share for the current year.

Institutional Investors Weigh In On TFI International

Several hedge funds and other institutional investors have recently made changes to their positions in TFII. QV Investors Inc. acquired a new position in TFI International in the third quarter valued at approximately $29,891,000. iA Global Asset Management Inc. boosted its holdings in shares of TFI International by 1,894.5% in the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after buying an additional 31,260 shares in the last quarter. Geode Capital Management LLC grew its position in shares of TFI International by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after buying an additional 22,566 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in TFI International during the 3rd quarter worth $2,373,000. Finally, Toronto Dominion Bank lifted its position in TFI International by 37.9% in the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after acquiring an additional 16,510 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

About TFI International

(Get Free Report)

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.

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Analyst Recommendations for TFI International (NYSE:TFII)

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