Royal Bank of Canada Has Lowered Expectations for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its price target dropped by investment analysts at Royal Bank of Canada from $156.00 to $127.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 33.07% from the stock’s current price.

TFII has been the topic of several other reports. Stifel Nicolaus dropped their price target on shares of TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday. Bank of America lowered shares of TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday. Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Citigroup increased their price target 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. Finally, CIBC dropped their price target on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, TFI International currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.07.

TFI International Stock Down 6.0 %

Shares of TFII traded down $6.04 during mid-day trading on Friday, hitting $95.44. 559,528 shares of the company’s stock were exchanged, compared to its average volume of 273,282. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.40 and a beta of 1.57. TFI International has a fifty-two week low of $95.54 and a fifty-two week high of $162.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98. The stock’s 50-day moving average is $134.73 and its 200-day moving average is $140.62.

TFI International (NYSE:TFII) last released 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 18.43% and a net margin of 5.08%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.54 billion. On average, sell-side analysts anticipate that TFI International will post 7.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TFI International

A number of large investors have recently bought and sold shares of TFII. Baillie Gifford & Co. acquired a new position in shares of TFI International during the fourth quarter worth about $148,623,000. Geode Capital Management LLC increased its position in TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after purchasing an additional 112,455 shares during the period. CDAM UK Ltd raised its stake in shares of TFI International by 2.5% during the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock worth $51,483,000 after buying an additional 9,200 shares in the last quarter. Amundi lifted its holdings 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 buying an additional 4,266 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of TFI International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock valued at $10,621,000 after buying an additional 4,763 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.