TFI International (NYSE:TFII) Now Covered by Veritas

Equities research analysts at Veritas assumed coverage on shares of TFI International (NYSE:TFII) in a research report issued on Tuesday, Zacks reports. The firm set a “hold” rating on the stock.

A number of other research firms also recently weighed in on TFII. Susquehanna dropped their price target on TFI International from $185.00 to $164.00 and set a “positive” rating on the stock in a research note on Friday, October 2nd. The Goldman Sachs Group reduced their price objective on TFI International from $178.00 to $155.00 and set a “buy” rating for the company in a research note on Monday. RBC Dominion Securities reduced their price objective on TFI International from $144.00 to $117.00 and set an “outperform” rating for the company in a research note on Monday. Canadian Imperial Bank of Commerce decreased their price objective on TFI International from $158.00 to $120.00 and set an “outperformer” rating for the company in a report on Monday. Finally, Morgan Stanley lowered their target price on TFI International from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Monday. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $145.32.

TFI International Stock Performance

NYSE TFII opened at $96.46 on Tuesday. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 0.63 and a beta of 1.67. The stock has a fifty day simple moving average of $120.58 and a 200 day simple moving average of $129.11. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. TFI International has a twelve month low of $80.63 and a twelve month high of $167.69.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). TFI International had a return on equity of 16.05% and a net margin of 4.26%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. Sell-side analysts expect that TFI International will post 5.72 EPS for the current year.

Institutional Trading of TFI International

Several institutional investors and hedge funds have recently modified their holdings of the stock. CenterBook Partners LP bought a new position in shares of TFI International during the third quarter valued at about $828,000. Vise Technologies Inc. boosted its holdings in TFI International by 15.0% during the third quarter. Vise Technologies Inc. now owns 3,684 shares of the company’s stock worth $442,000 after purchasing an additional 481 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in TFI International in the 3rd quarter worth about $36,000. Guardian Partners Inc. grew its position in TFI International by 1.1% in the 3rd quarter. Guardian Partners Inc. now owns 37,960 shares of the company’s stock worth $4,563,000 after purchasing an additional 412 shares in the last quarter. Finally, Value Partners Investments Inc. grew its position in TFI International by 4.7% in the 3rd quarter. Value Partners Investments Inc. now owns 18,857 shares of the company’s stock worth $2,268,000 after purchasing an additional 838 shares in the last quarter. 73.30% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting TFI International

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Desjardins initiated coverage with a Buy rating and a $170 price target, implying substantial upside from the share price cited in the report. TickerReport article
• Positive Sentiment: Other firms maintained bullish ratings—including Buy, Outperform, and Overweight—despite their revisions. Their updated targets ranged from $117 to $175, all above the share price cited in the reports.
• Negative Sentiment: Multiple analysts cut their targets: CIBC to $120, RBC to $117, Scotia to $138, Citigroup to $123, Stephens to $140, Goldman Sachs to $155, Morgan Stanley to $175, and TD Cowen to $119. The broad downward revisions may weigh on sentiment by reflecting lower expectations, even though the firms retained positive ratings. Read More., Read More., Read More., Read More., Read More., Read More., Read More., Read More.

TFI International Company Profile

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.