Stifel Nicolaus Has Lowered Expectations for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its price target cut by Stifel Nicolaus from $147.00 to $120.00 in a research note released on Friday,Benzinga reports. They currently have a hold rating on the stock.

TFII has been the topic of a number of other research reports. CIBC lifted their target price on shares of TFI International from $166.00 to $176.00 and gave the company an “outperformer” rating in a research note on Wednesday, December 4th. UBS Group cut TFI International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $163.00 to $107.00 in a research report on Friday. Citigroup upped their target price on TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Bank of America cut TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.07.

TFI International Trading Down 6.7 %

NYSE TFII opened at $94.69 on Friday. The stock has a market cap of $7.97 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. TFI International has a fifty-two week low of $92.66 and a fifty-two week high of $162.13. The stock has a 50 day simple moving average of $133.57 and a two-hundred day simple moving average of $140.28. 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 announced 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). The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. On average, analysts forecast that TFI International will post 7.76 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

Several large investors have recently modified their holdings of the stock. Baillie Gifford & Co. bought a new stake in TFI International during the 4th quarter valued at about $148,623,000. Geode Capital Management LLC increased its position in shares of TFI International by 31.5% during the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock valued at $64,345,000 after acquiring an additional 112,455 shares in the last quarter. iA Global Asset Management Inc. raised its holdings 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 worth $4,505,000 after acquiring an additional 31,260 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in TFI International in the 3rd quarter worth approximately $2,373,000. Finally, Toronto Dominion Bank lifted its position in TFI International by 37.9% in the 3rd quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after acquiring an additional 16,510 shares in the last quarter. Hedge funds and other 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.