Stephens Lowers TFI International (NYSE:TFII) Price Target to $110.00

TFI International (NYSE:TFII) had its target price dropped by Stephens from $138.00 to $110.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “equal weight” rating on the stock. Stephens’ price objective would indicate a potential upside of 19.37% from the company’s previous close.

Several other equities research analysts also recently weighed in on TFII. UBS Group downgraded TFI International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $163.00 to $107.00 in a report on Friday. The Goldman Sachs Group reduced their price target on shares of TFI International from $176.00 to $150.00 and set a “buy” rating on the stock in a report on Friday. Bank of America cut TFI International from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 20th. Citigroup cut their price target on TFI International from $162.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada lowered their target price on shares of TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $151.43.

TFI International Stock Performance

TFII traded up $1.65 during trading on Tuesday, reaching $92.15. 807,977 shares of the company’s stock were exchanged, compared to its average volume of 337,963. The company’s fifty day simple moving average is $132.33 and its 200-day simple moving average is $139.80. The stock has a market capitalization of $7.76 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. TFI International has a 1 year low of $88.76 and a 1 year high of $162.13.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.40). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, research analysts predict that TFI International will post 7.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TFI International

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in TFI International by 6.8% during the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after acquiring an additional 22,566 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in shares of TFI International in the 4th quarter valued at $148,623,000. Canoe Financial LP bought a new position in TFI International in the fourth quarter valued at about $1,853,000. Quantbot Technologies LP grew its holdings in shares of TFI International by 295.1% during the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after purchasing an additional 16,047 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of TFI International during the third quarter worth $643,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.