TFI International (NYSE:TFII) Price Target Lowered to $128.00 at TD Cowen

TFI International (NYSE:TFII) had its target price cut by stock analysts at TD Cowen from $135.00 to $128.00 in a research report issued to clients and investors on Friday, MarketBeat reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 66.23% from the stock’s previous close.

TFII has been the subject of several other research reports. The Goldman Sachs Group reduced their target price on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Citigroup reduced their price objective on shares of TFI International from $162.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. UBS Group downgraded TFI International from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $163.00 to $107.00 in a research report on Friday, February 21st. Veritas raised TFI International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, Stifel Nicolaus decreased their price objective on TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.86.

TFI International Price Performance

TFI International stock opened at $77.00 on Friday. The business’s 50 day simple moving average is $106.98 and its 200 day simple moving average is $129.45. TFI International has a 12 month low of $76.86 and a 12 month high of $162.13. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.11 and a beta of 1.62. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Sell-side analysts forecast that TFI International will post 7.76 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TFII. Baillie Gifford & Co. purchased a new stake in TFI International in the fourth quarter valued at approximately $148,623,000. Geode Capital Management LLC increased its holdings in shares of TFI International by 31.5% in the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after buying an additional 112,455 shares during the last quarter. iA Global Asset Management Inc. raised its position in shares of TFI International by 1,894.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after buying an additional 31,260 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of TFI International during the 3rd quarter valued at $2,373,000. Finally, Toronto Dominion Bank lifted its holdings in shares of TFI International by 37.9% during the 3rd quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock worth $8,229,000 after acquiring an additional 16,510 shares during the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.