TFI International (NYSE:TFII) Rating Increased to Neutral at Bank of America

TFI International (NYSE:TFII) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a $123.00 price target on the stock, up from their prior price target of $111.00. Bank of America‘s target price would indicate a potential upside of 5.62% from the stock’s current price.

A number of other research firms also recently commented on TFII. Zacks Research upgraded shares of TFI International from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Scotiabank reaffirmed a “sector perform” rating on shares of TFI International in a report on Wednesday, January 21st. Stifel Nicolaus lifted their target price on TFI International from $100.00 to $113.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $160.00 target price on shares of TFI International in a report on Monday, December 8th. Finally, JPMorgan Chase & Co. boosted their price objective on TFI International from $106.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, TFI International currently has an average rating of “Moderate Buy” and a consensus price target of $124.38.

TFI International Trading Down 3.8%

Shares of TFI International stock opened at $116.46 on Thursday. The business has a fifty day simple moving average of $110.95 and a 200-day simple moving average of $97.84. TFI International has a fifty-two week low of $72.02 and a fifty-two week high of $128.55. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 7.66 and a beta of 1.55. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.88.

TFI International (NYSE:TFII) last released its earnings results on Tuesday, February 17th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.24. TFI International had a return on equity of 13.77% and a net margin of 3.94%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.37 billion. On average, equities analysts forecast that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Trading of TFI International

Hedge funds have recently made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its holdings in shares of TFI International by 20,080.0% during the third quarter. Cornerstone Planning Group LLC now owns 1,009 shares of the company’s stock worth $89,000 after purchasing an additional 1,004 shares during the period. SG Americas Securities LLC acquired a new stake in shares of TFI International during the 4th quarter valued at $112,000. Flow Traders U.S. LLC purchased a new position in shares of TFI International during the 3rd quarter valued at $207,000. FourThought Financial Partners LLC acquired a new position in shares of TFI International in the third quarter worth $245,000. Finally, United Services Automobile Association acquired a new position in shares of TFI International in the first quarter worth $217,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.