JPMorgan Chase & Co. Trims TFI International (NYSE:TFII) Target Price to $178.00

TFI International (NYSE:TFII) had its price target reduced by analysts at JPMorgan Chase & Co. from $181.00 to $178.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 33.38% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Cormark raised TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. TD Securities dropped their target price on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday. TD Cowen lifted their price target on shares of TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Desjardins lowered their price objective on shares of TFI International from $209.00 to $204.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Susquehanna dropped their price objective on shares of TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.71.

TFI International Trading Down 1.8 %

TFII traded down $2.44 during mid-day trading on Wednesday, hitting $133.45. The stock had a trading volume of 272,978 shares, compared to its average volume of 262,998. The stock’s fifty day simple moving average is $142.63 and its 200-day simple moving average is $142.96. The firm has a market capitalization of $11.29 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 1.51 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 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). The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. During the same quarter in the prior year, the company earned $1.57 EPS. As a group, research analysts forecast that TFI International will post 6.68 EPS for the current fiscal year.

Institutional Trading of TFI International

A number of institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TFI International during the 1st quarter worth $42,583,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of TFI International by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock worth $27,798,000 after acquiring an additional 2,914 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of TFI International by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock valued at $1,835,000 after purchasing an additional 743 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in TFI International during the 1st quarter worth approximately $10,118,000. Finally, Steamboat Capital Partners LLC increased its stake in shares of TFI International by 1.6% in the first quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company’s stock valued at $11,214,000 after buying an additional 1,086 shares during the period. 73.30% of the stock is currently owned by institutional investors.

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.