TFI International (NYSE:TFII) Sets New 12-Month Low on Analyst Downgrade

TFI International Inc. (NYSE:TFII) shares hit a new 52-week low during trading on Monday after Susquehanna lowered their price target on the stock from $170.00 to $135.00. Susquehanna currently has a positive rating on the stock. TFI International traded as low as $88.48 and last traded at $88.78, with a volume of 74055 shares. The stock had previously closed at $90.65.

Several other equities analysts have also issued reports on TFII. Veritas lowered TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Royal Bank of Canada reduced their target price on TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Bank of America lowered TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday, February 20th. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Stephens reduced their target price on TFI International from $138.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $148.93.

Institutional Investors Weigh In On TFI International

Institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. lifted its position in shares of TFI International by 124.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after acquiring an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of TFI International by 40.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after acquiring an additional 160 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of TFI International during the third quarter worth $134,000. Entropy Technologies LP purchased a new stake in shares of TFI International during the third quarter worth $643,000. Finally, Legato Capital Management LLC lifted its position in shares of TFI International by 8.9% during the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after acquiring an additional 859 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Trading Down 4.9 %

The stock has a market cap of $7.26 billion, a PE ratio of 17.24, a P/E/G ratio of 1.11 and a beta of 1.57. The firm has a 50-day simple moving average of $127.05 and a 200-day simple moving average of $137.83. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. Equities analysts forecast that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Company Profile

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.