TFI International (NYSE:TFII) Rating Lowered to Strong Sell at Zacks Research

TFI International (NYSE:TFII) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday, Zacks reports.

Other equities research analysts have also issued reports about the stock. Citigroup lowered their price target on shares of TFI International from $157.00 to $123.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. RBC Dominion Securities reduced their price target on TFI International from $144.00 to $117.00 and set an “outperform” rating for the company in a research report on Monday, November 2nd. BMO Capital Markets reissued a “market perform” rating on shares of TFI International in a report on Wednesday, October 7th. TD Cowen lowered their price target on shares of TFI International from $158.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. Finally, Bank of America raised their price target on shares of TFI International from $178.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Sixteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.32.

TFI International Stock Performance

Shares of TFI International stock traded down $1.89 on Thursday, reaching $94.75. 364,381 shares of the stock were exchanged, compared to its average volume of 449,382. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. TFI International has a twelve month low of $80.63 and a twelve month high of $167.69. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 0.63 and a beta of 1.67. The business has a 50 day moving average price of $118.30 and a two-hundred day moving average price of $128.90.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.08). TFI International had a return on equity of 16.05% and a net margin of 4.26%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. Analysts anticipate that TFI International will post 5.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TFII. Laurel Wealth Advisors LLC acquired a new stake in TFI International in the 3rd quarter worth about $36,000. Allworth Financial LP purchased a new stake in TFI International during the 2nd quarter worth approximately $46,000. State of Wyoming acquired a new position in shares of TFI International during the second quarter valued at approximately $56,000. Versant Capital Management Inc raised its holdings in shares of TFI International by 47.3% during the second quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock valued at $59,000 after acquiring an additional 131 shares during the last quarter. Finally, Tacita Capital Inc acquired a new position in shares of TFI International during the second quarter valued at approximately $91,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

About TFI International

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.