National Bank Financial Downgrades TFI International (NYSE:TFII) to Hold

TFI International (NYSE:TFII) was downgraded by equities research analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued on Friday, Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. TD Cowen raised their price target on shares of TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group raised their target price on shares of TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Desjardins cut shares of TFI International from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. raised their target price on shares of TFI International from $170.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Bank of America lifted their price objective on shares of TFI International from $148.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, TFI International currently has an average rating of “Moderate Buy” and an average target price of $166.24.

TFI International Trading Down 1.9 %

NYSE TFII opened at $150.81 on Friday. The company has a fifty day simple moving average of $142.84 and a two-hundred day simple moving average of $143.92. The stock has a market cap of $12.76 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.65 and a beta of 1.56. TFI International has a 12-month low of $104.91 and a 12-month high of $162.13. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.10. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the company posted $1.59 earnings per share. On average, analysts forecast that TFI International will post 6.74 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

A number of institutional investors have recently bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. increased its stake in TFI International by 1.3% during the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 537,835 shares of the company’s stock worth $78,394,000 after buying an additional 6,887 shares during the period. CDAM UK Ltd grew its holdings in TFI International by 6.9% during the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock worth $51,932,000 after acquiring an additional 24,730 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in TFI International during the 1st quarter worth approximately $42,583,000. Hood River Capital Management LLC grew its holdings in TFI International by 6.6% during the 1st quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after acquiring an additional 13,995 shares in the last quarter. Finally, Argent Capital Management LLC grew its holdings in TFI International by 793.1% during the 1st quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock worth $28,927,000 after acquiring an additional 161,094 shares in the last quarter. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Company Profile

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.