TFI International (NYSE:TFII) Given New $141.00 Price Target at CIBC

TFI International (NYSE:TFII) had its price target lowered by research analysts at CIBC from $160.00 to $141.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperformer” rating on the stock. CIBC’s price objective would indicate a potential upside of 46.87% from the company’s current price.

A number of other research firms have also recently issued reports on TFII. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Bank of America cut TFI International from a “neutral” rating to an “underperform” rating in a research report on Thursday. Citigroup boosted their price objective on TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. UBS Group cut TFI International from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $163.00 to $107.00 in a research report on Friday. Finally, Stifel Nicolaus lowered their price target on TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $159.43.

TFI International Stock Performance

Shares of TFII stock traded down $5.48 during trading hours on Friday, reaching $96.01. 533,997 shares of the company’s stock were exchanged, compared to its average volume of 272,218. TFI International has a fifty-two week low of $95.90 and a fifty-two week high of $162.13. The stock has a market capitalization of $8.08 billion, a P/E ratio of 19.19, a P/E/G ratio of 1.40 and a beta of 1.57. The business has a fifty day moving average price of $134.73 and a 200-day moving average price of $140.62. 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 issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 EPS 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 business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.54 billion. Analysts predict that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Trading of TFI International

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in TFI International by 6.8% during the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after buying an additional 22,566 shares during the last quarter. Canoe Financial LP bought a new position in shares of TFI International during the 4th quarter valued at about $1,853,000. Baillie Gifford & Co. bought a new position in shares of TFI International during the 4th quarter valued at about $148,623,000. Quantbot Technologies LP lifted its holdings 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 purchasing an additional 16,047 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of TFI International during the 3rd quarter valued at about $643,000. 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.