TFI International (NYSE:TFII) Price Target Cut to $178.00

TFI International (NYSE:TFII) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $181.00 to $178.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 31.91% from the stock’s current price.

Several other equities research analysts have also recently issued reports on TFII. CIBC decreased their target price on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating on the stock in a research report on Wednesday. Royal Bank of Canada decreased their price target on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday. Susquehanna dropped their price objective on TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a report on Wednesday. TD Securities reduced their target price on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Cormark raised TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.94.

TFI International Stock Up 2.5 %

TFII stock opened at $134.94 on Wednesday. The company has a 50 day moving average price of $142.35 and a two-hundred day moving average price of $142.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market capitalization of $11.42 billion, a P/E ratio of 24.53, a PEG ratio of 1.50 and a beta of 1.55. TFI International has a one year low of $104.91 and a one year high of $162.13.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the firm earned $1.57 EPS. As a group, sell-side analysts expect that TFI International will post 6.64 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TFII. iA Global Asset Management Inc. purchased a new position in TFI International in the second quarter valued at about $240,000. Industrial Alliance Investment Management Inc. increased its holdings in TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after purchasing an additional 80 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after purchasing an additional 4,200 shares in the last quarter. Summit Global Investments boosted its stake 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 buying an additional 3,012 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of TFI International by 6.9% during the first quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after buying an additional 743 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

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.