Royal Bank Of Canada Has Lowered Expectations for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its target price decreased by Royal Bank Of Canada from $106.00 to $102.00 in a report released on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 15.21% from the stock’s current price.

Several other brokerages have also weighed in on TFII. Susquehanna cut their price target on TFI International from $115.00 to $105.00 and set a “positive” rating for the company in a research note on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of TFI International in a report on Tuesday, October 14th. CIBC lowered their price objective on TFI International from $110.00 to $109.00 and set an “outperform” rating on the stock in a report on Wednesday, September 17th. Stifel Nicolaus lowered their price objective on TFI International from $96.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. lowered their price objective on TFI International from $116.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.27.

TFI International Trading Down 1.3%

TFII traded down $1.20 during trading on Monday, hitting $88.53. 77,895 shares of the stock were exchanged, compared to its average volume of 417,734. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 3.25 and a beta of 1.45. The firm has a 50 day simple moving average of $92.29 and a 200 day simple moving average of $89.37. TFI International has a 1 year low of $72.02 and a 1 year high of $155.12.

TFI International (NYSE:TFII) last announced its earnings results on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.49 billion. TFI International had a return on equity of 14.20% and a net margin of 4.06%. As a group, equities analysts expect that TFI International will post 7.76 EPS for the current year.

Institutional Trading of TFI International

A number of large investors have recently modified their holdings of the stock. Entropy Technologies LP boosted its stake in shares of TFI International by 46.9% during the first quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock worth $1,058,000 after buying an additional 4,361 shares during the period. Quantbot Technologies LP raised its holdings in TFI International by 877.9% during the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company’s stock worth $6,077,000 after purchasing an additional 70,442 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in TFI International by 10.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,278 shares of the company’s stock worth $3,197,000 after purchasing an additional 3,925 shares in the last quarter. United Services Automobile Association purchased a new position in TFI International during the first quarter worth about $217,000. Finally, Argent Capital Management LLC raised its holdings in TFI International by 303.4% during the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock worth $12,811,000 after purchasing an additional 107,451 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

About TFI International

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.