TFI International (NYSE:TFII) Stock Price Target Cut by Stephens

TFI International (NYSE:TFII) had its target price reduced by Stephens from $160.00 to $140.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Stephens‘s price objective would indicate a potential upside of 43.51% from the company’s current price.

TFII has been the topic of a number of other research reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of TFI International in a research note on Wednesday, October 7th. The Goldman Sachs Group decreased their price target on shares of TFI International from $178.00 to $155.00 and set a “buy” rating on the stock in a report on Monday. TD Cowen lowered their price objective on shares of TFI International from $158.00 to $119.00 and set a “buy” rating for the company in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of TFI International in a report on Monday, September 21st. Finally, Scotia increased their target price on TFI International from $260.00 to $263.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 28th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.12.

TFI International Trading Up 4.5%

Shares of NYSE TFII traded up $4.23 on Monday, reaching $97.55. 412,900 shares of the company traded hands, compared to its average volume of 370,527. The stock has a market capitalization of $8.02 billion, a PE ratio of 22.56, a P/E/G ratio of 0.59 and a beta of 1.68. TFI International has a fifty-two week low of $80.63 and a fifty-two week high of $167.69. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.79. The company has a 50 day moving average of $122.28 and a 200 day moving average of $129.26.

TFI International (NYSE:TFII) last released its earnings results on Thursday, October 29th. The company reported $1.67 earnings per share (EPS) 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 company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. On average, equities research analysts forecast that TFI International will post 5.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TFI International

Several large investors have recently made changes to their positions in the business. Caisse de depot et placement du Quebec purchased a new stake in TFI International during the 2nd quarter worth $910,995,000. Jupiter Topco LLC acquired a new position in shares of TFI International during the second quarter worth about $515,259,000. Maple Rock Capital Partners Inc. lifted its stake in shares of TFI International by 4.2% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,418,409 shares of the company’s stock worth $203,641,000 after purchasing an additional 56,578 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of TFI International in the second quarter worth about $189,264,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of TFI International in the second quarter valued at about $136,656,000. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Company Profile

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.