TFI International (NYSE:TFII – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.
Other research analysts have also issued reports about the company. TD Cowen cut their target price on TFI International from $158.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. BMO Capital Markets reiterated a “market perform” rating on shares of TFI International in a research report on Wednesday, October 7th. Veritas assumed coverage on TFI International in a research note on Tuesday, November 3rd. They issued a “hold” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of TFI International in a research report on Monday, September 21st. Finally, Scotia lowered their price objective on TFI International from $168.00 to $138.00 and set a “sector outperform” rating for the company in a research report on Monday, November 2nd. Sixteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.32.
View Our Latest Stock Report on TFII
TFI International Price Performance
TFII stock opened at $94.75 on Friday. The company has a fifty day moving average price of $118.30 and a 200-day moving average price of $128.90. The company has a market capitalization of $7.75 billion, a P/E ratio of 21.88, a PEG ratio of 0.76 and a beta of 1.68. TFI International has a 52-week low of $80.63 and a 52-week high of $167.69. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.10 and a current ratio of 1.11.
TFI International (NYSE:TFII – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. TFI International had a return on equity of 16.05% and a net margin of 4.26%. As a group, equities analysts expect that TFI International will post 5.56 EPS for the current year.
Hedge Funds Weigh In On TFI International
A number of hedge funds have recently bought and sold shares of the company. Nykredit A S acquired a new position in TFI International in the second quarter valued at approximately $3,031,000. TD Waterhouse Canada Inc. boosted its holdings in shares of TFI International by 10.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 250,009 shares of the company’s stock worth $34,207,000 after buying an additional 23,597 shares in the last quarter. Caisse de depot et placement du Quebec bought a new position in shares of TFI International during the 2nd quarter worth approximately $910,995,000. Hill City Capital LP acquired a new stake in shares of TFI International during the 2nd quarter worth approximately $20,817,650. Finally, BlackRock Inc. acquired a new stake in shares of TFI International during the 2nd quarter worth approximately $14,341,000. Institutional investors own 73.30% of the company’s stock.
About TFI International
TFI International is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. It provides freight transportation and related services through operating companies across Canada and the United States, with additional cross-border services.
The company’s activities include less-than-truckload and truckload transportation, logistics and freight brokerage, and package and courier delivery. It also offers services such as intermodal transportation, warehousing, and specialized transportation, including waste and flatbed services.
TFI International traces its roots to a Quebec trucking business established in 1957.
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