UBS Group Issues Pessimistic Forecast for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its target price lowered by equities research analysts at UBS Group from $159.00 to $114.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group‘s price objective indicates a potential upside of 20.62% from the stock’s previous close.

TFII has been the subject of several other research reports. Scotia dropped their price objective on shares of TFI International from $168.00 to $138.00 and set a “sector outperform” rating for the company in a research report on Monday, November 2nd. Susquehanna reduced their price target on TFI International from $185.00 to $164.00 and set a “positive” rating for the company in a research report on Friday, October 2nd. Scotiabank reissued an “outperform” rating on shares of TFI International in a research report on Thursday, October 15th. Stifel Nicolaus reduced their target price on shares of TFI International from $132.00 to $107.00 and set a “hold” rating for the company in a report on Monday, November 2nd. Finally, RBC Dominion Securities lowered their target price on shares of TFI International from $144.00 to $117.00 and set an “outperform” rating on the stock in a report on Monday, November 2nd. Sixteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $142.95.

TFI International Stock Performance

NYSE TFII traded down $0.43 during midday trading on Monday, hitting $94.51. The company had a trading volume of 576,323 shares, compared to its average volume of 374,597. The stock has a market cap of $7.73 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 0.76 and a beta of 1.68. 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 fifty-two week low of $80.63 and a fifty-two week high of $167.69. The firm has a fifty day simple moving average of $118.30 and a two-hundred day simple moving average of $128.90.

TFI International (NYSE:TFII) last announced 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). The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. TFI International had a net margin of 4.26% and a return on equity of 16.05%. Equities analysts forecast that TFI International will post 5.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Caisse de depot et placement du Quebec acquired a new position in shares of TFI International in the 2nd quarter valued at about $910,995,000. Jupiter Topco LLC purchased a new stake in TFI International in the 2nd quarter valued at about $515,259,000. Maple Rock Capital Partners Inc. grew its stake in TFI International by 4.2% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,418,409 shares of the company’s stock valued at $203,641,000 after purchasing an additional 56,578 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in TFI International during the second quarter worth about $189,264,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of TFI International during the 2nd quarter valued at $136,656,000. Institutional investors own 73.30% of the company’s stock.

TFI International Company Profile

TFI International is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. It provides freight transportation and related services through operating companies across Canada and the United States, with additional cross-border services.

The company’s activities include less-than-truckload and truckload transportation, logistics and freight brokerage, and package and courier delivery. It also offers services such as intermodal transportation, warehousing, and specialized transportation, including waste and flatbed services.

TFI International traces its roots to a Quebec trucking business established in 1957.