TFI International (NYSE:TFII) PT Lowered to $171.00 at TD Cowen

TFI International (NYSE:TFII) had its price target dropped by analysts at TD Cowen from $180.00 to $171.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective points to a potential upside of 26.72% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus lowered shares of TFI International from a “buy” rating to a “hold” rating and reduced their price target for the company from $158.00 to $142.00 in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday. TD Securities lowered their target price on shares of TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday. Desjardins reduced their target price on TFI International from $209.00 to $204.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Susquehanna decreased their price objective on shares of TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.94.

TFI International Stock Performance

NYSE TFII opened at $134.94 on Wednesday. TFI International has a twelve month low of $104.91 and a twelve month high of $162.13. 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 firm has a market cap of $11.42 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55. The business has a 50-day moving average price of $142.35 and a 200-day moving average price of $142.88.

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). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the company earned $1.57 EPS. As a group, equities research analysts predict that TFI International will post 6.64 EPS for the current fiscal year.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently made changes to their positions in the company. iA Global Asset Management Inc. acquired a new stake in shares of TFI International in the second quarter valued at about $240,000. Industrial Alliance Investment Management Inc. raised its holdings in shares of TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after acquiring an additional 80 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of TFI International by 1,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock worth $726,000 after acquiring an additional 4,200 shares during the period. Summit Global Investments boosted its holdings in TFI International by 83.7% in the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after purchasing an additional 3,012 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of TFI International by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after buying an additional 743 shares during the last quarter. Institutional investors and hedge funds 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.