TFI International (NYSE:TFII) PT Raised to $119.00 at Cowen

TFI International (NYSE:TFII) had its target price upped by stock analysts at Cowen from $112.00 to $119.00 in a report released on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Cowen’s price objective points to a potential upside of 6.05% from the company’s current price.

A number of other equities research analysts have also issued reports on TFII. Stephens reaffirmed an “overweight” rating and set a $104.95 target price (down previously from $114.00) on shares of TFI International in a report on Tuesday, July 27th. Morgan Stanley reissued an “overweight” rating and set a $104.95 price target (down previously from $110.00) on shares of TFI International in a research report on Tuesday, July 27th. National Bank Financial reissued an “outperform” rating and set a C$104.95 price target (down previously from C$137.00) on shares of TFI International in a research report on Tuesday, July 27th. Stifel Nicolaus started coverage on shares of TFI International in a research report on Monday, June 21st. They set a “buy” rating on the stock. Finally, Desjardins upped their target price on shares of TFI International from C$124.00 to C$146.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $116.12.

Shares of NYSE TFII opened at $112.21 on Wednesday. The firm has a market cap of $10.43 billion, a PE ratio of 21.87, a PEG ratio of 0.77 and a beta of 1.53. The firm has a fifty day moving average of $112.12 and a 200 day moving average of $102.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 0.87. TFI International has a one year low of $39.91 and a one year high of $116.50.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Sunday, July 25th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.99 by $0.45. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.62 billion. TFI International had a net margin of 9.66% and a return on equity of 21.43%. On average, equities analysts predict that TFI International will post 4.66 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank boosted its holdings in shares of TFI International by 4,259.0% in the second quarter. Toronto Dominion Bank now owns 1,681,772 shares of the company’s stock valued at $106,992,000 after acquiring an additional 1,643,190 shares during the period. Amundi acquired a new stake in shares of TFI International in the second quarter valued at approximately $27,158,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of TFI International by 929.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 172,654 shares of the company’s stock valued at $12,927,000 after acquiring an additional 155,883 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of TFI International by 355.7% during the first quarter. Russell Investments Group Ltd. now owns 141,632 shares of the company’s stock worth $10,613,000 after purchasing an additional 110,555 shares during the period. Finally, AGF Investments Inc. lifted its holdings in shares of TFI International by 89.6% during the first quarter. AGF Investments Inc. now owns 206,644 shares of the company’s stock worth $15,490,000 after purchasing an additional 97,675 shares during the period. Institutional investors own 57.07% of the company’s stock.

About TFI International

TFI International, Inc engages in the provision of freight transportation and logistics services. It operates through the following segments: Package and Courier, Less-Than-Truckload, Truckload, and Logistics. The Package and Courier segment consists of pickup, transport, and delivery of items across North America.

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