TFI International (NYSE:TFII) Raised to “Hold” at Zacks Research

TFI International (NYSE:TFII) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

TFII has been the topic of a number of other reports. Stephens set a $115.00 price objective on shares of TFI International in a research note on Tuesday, January 6th. Stifel Nicolaus boosted their price target on shares of TFI International from $93.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. UBS Group upped their price target on shares of TFI International from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of TFI International in a report on Monday, December 29th. Finally, Royal Bank Of Canada upped their target price on TFI International from $102.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, TFI International has a consensus rating of “Moderate Buy” and an average price target of $119.87.

TFI International Trading Up 0.4%

TFII opened at $111.96 on Wednesday. The stock has a market capitalization of $9.20 billion, a PE ratio of 28.98, a P/E/G ratio of 5.11 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.05. TFI International has a 12-month low of $72.02 and a 12-month high of $140.35. The firm’s fifty day moving average price is $98.22 and its 200 day moving average price is $93.68.

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

Institutional Investors Weigh In On TFI International

Several institutional investors and hedge funds have recently modified their holdings of TFII. Dixon Mitchell Investment Counsel Inc. boosted its holdings in TFI International by 44.4% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company’s stock valued at $73,714,000 after acquiring an additional 251,444 shares during the period. Kennedy Capital Management LLC grew its position in shares of TFI International by 23.1% during the 2nd quarter. Kennedy Capital Management LLC now owns 96,163 shares of the company’s stock worth $8,623,000 after buying an additional 18,049 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of TFI International during the third quarter worth approximately $3,385,000. Bank of New York Mellon Corp lifted its holdings in TFI International by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 78,729 shares of the company’s stock valued at $7,060,000 after buying an additional 1,356 shares during the period. Finally, Baskin Financial Services Inc. boosted its stake in TFI International by 1.6% in the second quarter. Baskin Financial Services Inc. now owns 420,152 shares of the company’s stock valued at $37,711,000 after acquiring an additional 6,786 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Company Profile

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.