TFI International Inc. (NYSE:TFII) Sees Large Drop in Short Interest

TFI International Inc. (NYSE:TFII) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 658,700 shares, a decrease of 18.0% from the August 15th total of 803,100 shares. Based on an average daily volume of 220,000 shares, the short-interest ratio is presently 3.0 days. Currently, 0.8% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TFII. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Desjardins cut shares of TFI International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. National Bank Financial lowered shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Stephens reiterated an “overweight” rating and issued a $176.00 target price on shares of TFI International in a research note on Tuesday, July 30th. Finally, TD Cowen boosted their price target on TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.33.

TFI International Trading Up 1.2 %

TFII stock opened at $144.74 on Tuesday. TFI International has a 52 week low of $104.91 and a 52 week high of $162.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. The company’s 50-day simple moving average is $148.36 and its 200 day simple moving average is $145.69. The company has a market capitalization of $12.25 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 1.49 and a beta of 1.55.

TFI International (NYSE:TFII) last announced its earnings results on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.10. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the business posted $1.59 EPS. The business’s revenue was up 26.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that TFI International will post 6.86 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently added to or reduced their stakes in the stock. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of TFI International by 21.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,293 shares of the company’s stock worth $2,895,000 after purchasing an additional 3,768 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in TFI International during the fourth quarter worth about $287,000. Parallel Advisors LLC grew its stake in TFI International by 2.7% during the fourth quarter. Parallel Advisors LLC now owns 10,625 shares of the company’s stock worth $1,445,000 after buying an additional 278 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in TFI International by 67.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock valued at $522,000 after buying an additional 1,542 shares during the period. Finally, CDAM UK Ltd raised its position in shares of TFI International by 6.9% in the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock valued at $51,932,000 after buying an additional 24,730 shares in the last quarter. Institutional investors 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.