TFI International (NYSE:TFII) Cut to “Neutral” at UBS Group

UBS Group lowered shares of TFI International (NYSE:TFII) from a buy rating to a neutral rating in a report released on Friday morning, MarketBeat Ratings reports. The firm currently has $107.00 target price on the stock, down from their previous target price of $163.00.

TFII has been the topic of several other research reports. Stifel Nicolaus boosted their price target on TFI International from $139.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Bank of America downgraded shares of TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday. Citigroup lifted their price objective on shares of TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. CIBC increased their price objective on shares of TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a research note on Wednesday, December 4th. Finally, Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.07.

TFI International Stock Down 6.7 %

TFII stock opened at $94.69 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. TFI International has a 52 week low of $92.66 and a 52 week high of $162.13. The stock has a market capitalization of $7.97 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57. The firm has a 50 day moving average of $133.57 and a 200 day moving average of $140.28.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.40). TFI International had a return on equity of 18.43% and a net margin of 5.08%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.54 billion. Sell-side analysts forecast that TFI International will post 7.76 earnings per share for the current year.

Institutional Investors Weigh In On TFI International

A number of institutional investors have recently modified their holdings of TFII. Entropy Technologies LP acquired a new position in TFI International in the 3rd quarter worth about $643,000. Plato Investment Management Ltd acquired a new position in shares of TFI International during the 3rd quarter worth approximately $134,000. Quantbot Technologies LP lifted its position in shares of TFI International by 295.1% during the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after buying an additional 16,047 shares in the last quarter. iA Global Asset Management Inc. grew its stake in TFI International by 1,894.5% in the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after acquiring an additional 31,260 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in TFI International in the 3rd quarter worth $2,373,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.