TFI International (NYSE:TFII) Downgraded to Underperform Rating by Bank of America

TFI International (NYSE:TFII) was downgraded by investment analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports.

Several other analysts have also issued reports on TFII. JPMorgan Chase & Co. reduced their target price on shares of TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. TD Cowen decreased their target price on TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Citigroup lifted their target price on TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Susquehanna reduced their price target on shares of TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. Finally, National Bankshares lowered their price objective on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $170.85.

TFI International Stock Down 15.5 %

TFII traded down $19.77 during trading on Thursday, hitting $107.84. 457,428 shares of the company’s stock were exchanged, compared to its average volume of 228,424. TFI International has a fifty-two week low of $106.86 and a fifty-two week high of $162.13. The stock has a market cap of $9.08 billion, a P/E ratio of 19.64, a PEG ratio of 1.40 and a beta of 1.57. The business’s 50 day moving average is $135.76 and its two-hundred day moving average is $140.89. 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 (NYSE:TFII) last posted its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, equities analysts expect that TFI International will post 6.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TFI International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. grew its position in shares of TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after purchasing an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of TFI International by 40.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after buying an additional 160 shares during the period. Plato Investment Management Ltd bought a new stake in shares of TFI International during the third quarter valued at about $134,000. Entropy Technologies LP purchased a new stake in shares of TFI International in the third quarter worth about $643,000. Finally, Legato Capital Management LLC boosted its position in shares of TFI International by 8.9% in the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock valued at $1,414,000 after acquiring an additional 859 shares during the period. 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.