TFI International (NYSE:TFII) Rating Reiterated by Stephens

TFI International (NYSE:TFII)‘s stock had its “equal weight” rating restated by Stephens in a note issued to investors on Tuesday, StockNewsAPI reports. They currently have a $149.00 price target on the stock, down from their previous price target of $176.00. Stephens’ price target would indicate a potential upside of 8.84% from the stock’s current price.

A number of other research firms have also recently commented on TFII. JPMorgan Chase & Co. boosted their price target on TFI International from $170.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Stifel Nicolaus boosted their price target on TFI International from $151.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Cormark raised TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. CIBC boosted their price target on TFI International from $167.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, National Bank Financial cut TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.53.

TFI International Stock Performance

TFII opened at $136.90 on Tuesday. The business has a fifty day simple moving average of $146.76 and a 200 day simple moving average of $145.33. The company has a market capitalization of $11.58 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92.

TFI International (NYSE:TFII) last released its earnings results on Thursday, July 25th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 EPS. Research analysts expect that TFI International will post 6.83 EPS for the current year.

Institutional Investors Weigh In On TFI International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its position in shares of TFI International by 17.4% during the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after purchasing an additional 6,475 shares in the last quarter. AGF Management Ltd. boosted its position in shares of TFI International by 359.1% during the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after purchasing an additional 87,223 shares in the last quarter. NewGen Asset Management Ltd boosted its position in shares of TFI International by 5.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock valued at $2,903,000 after purchasing an additional 1,000 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in shares of TFI International during the 2nd quarter valued at about $240,000. Finally, Summit Global Investments boosted its position in shares of TFI International by 83.7% during the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after purchasing an additional 3,012 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.