TFI International (NYSE:TFII) Raised to Strong-Buy at Veritas

TFI International (NYSE:TFII) was upgraded by investment analysts at Veritas from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on TFII. Bank of America lowered shares of TFI International from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 20th. The Goldman Sachs Group decreased their price objective on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 21st. CIBC decreased their price objective on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a report on Friday, February 21st. UBS Group lowered shares of TFI International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $163.00 to $107.00 in a report on Friday, February 21st. Finally, Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, TFI International presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.93.

TFI International Stock Performance

TFII opened at $83.11 on Tuesday. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.11 and a beta of 1.62. The company has a fifty day moving average of $114.26 and a 200 day moving average of $132.42. TFI International has a fifty-two week low of $80.19 and a fifty-two week high of $162.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03.

TFI International (NYSE:TFII) last posted its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.54 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. As a group, sell-side analysts forecast that TFI International will post 7.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TFI International

Several large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its stake in shares of TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after purchasing an additional 131 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after purchasing an additional 160 shares during the period. Legato Capital Management LLC lifted its stake in shares of TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock valued at $1,414,000 after purchasing an additional 859 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of TFI International by 7.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company’s stock valued at $5,046,000 after purchasing an additional 2,696 shares during the period. Finally, Amundi lifted its stake in shares of TFI International by 2.4% in the 4th quarter. Amundi now owns 181,202 shares of the company’s stock valued at $24,134,000 after purchasing an additional 4,266 shares during the period. 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.