TFI International (NYSE:TFII) Price Target Lowered to $171.00 at TD Cowen

TFI International (NYSE:TFII) had its price objective reduced by stock analysts at TD Cowen from $180.00 to $171.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 28.97% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Royal Bank of Canada reduced their target price on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday. National Bankshares cut their target price on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Finally, CIBC dropped their price objective on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating on the stock in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.94.

TFI International Price Performance

Shares of NYSE:TFII traded down $3.30 during trading on Wednesday, reaching $132.59. The company had a trading volume of 314,981 shares, compared to its average volume of 263,121. The company has a fifty day moving average of $142.63 and a two-hundred day moving average of $142.96. The stock has a market capitalization of $11.22 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 1.51 and a beta of 1.55. TFI International has a 12 month low of $104.91 and a 12 month high of $162.13. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89.

TFI International (NYSE:TFII) last released its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business posted $1.57 EPS. Equities research analysts forecast that TFI International will post 6.68 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. bought a new position in TFI International during the first quarter valued at $42,583,000. QV Investors Inc. bought a new position in TFI International during the third quarter valued at $29,891,000. AGF Management Ltd. lifted its position in TFI International by 359.1% during the second 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 during the last quarter. Mediolanum International Funds Ltd bought a new position in TFI International during the first quarter valued at $10,118,000. Finally, Hood River Capital Management LLC lifted its position in TFI International by 6.6% during the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock valued at $36,180,000 after purchasing an additional 13,995 shares during 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.