Brokerages Set TFI International Inc. (NYSE:TFII) Target Price at $148.93

TFI International Inc. (NYSE:TFII) has been assigned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $148.93.

TFII has been the topic of several research reports. Stephens dropped their target price on TFI International from $138.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Bank of America downgraded shares of TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday, February 20th. Veritas lowered TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st. The Goldman Sachs Group lowered their price target on shares of TFI International from $176.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, CIBC decreased their price target on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a report on Friday, February 21st.

TFI International Stock Performance

TFI International stock opened at $83.78 on Tuesday. TFI International has a fifty-two week low of $80.19 and a fifty-two week high of $162.13. The stock has a market cap of $7.05 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The firm’s fifty day moving average price is $123.58 and its 200-day moving average price is $136.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03.

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). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. On average, equities research analysts expect that TFI International will post 7.76 earnings per share for the current fiscal year.

Institutional Trading of TFI International

A number of institutional investors have recently made changes to their positions in TFII. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of TFI International by 7.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company’s stock worth $5,046,000 after purchasing an additional 2,696 shares during the last quarter. CDAM UK Ltd increased its position in shares of TFI International by 2.5% during the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock valued at $51,483,000 after acquiring an additional 9,200 shares during the last quarter. Geode Capital Management LLC lifted its stake in TFI International by 31.5% during the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after purchasing an additional 112,455 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after acquiring an additional 160 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after purchasing an additional 131 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

About TFI International

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.