TFI International (NYSE:TFII) Price Target Cut to $140.00 by Analysts at Stephens

TFI International (NYSE:TFII) had its price target cut by research analysts at Stephens from $160.00 to $140.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens‘s target price would indicate a potential upside of 43.51% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on TFII. Citigroup reiterated a “cautious” rating on shares of TFI International in a research note on Wednesday, October 7th. Morgan Stanley dropped their target price on shares of TFI International from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Monday. Stifel Nicolaus lowered their price target on TFI International from $132.00 to $107.00 and set a “hold” rating on the stock in a report on Monday. UBS Group lifted their price objective on TFI International from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group decreased their target price on TFI International from $178.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, TFI International has a consensus rating of “Moderate Buy” and a consensus target price of $157.12.

TFI International Trading Up 4.5%

Shares of TFII traded up $4.23 during trading on Monday, reaching $97.55. 412,900 shares of the company traded hands, compared to its average volume of 370,527. TFI International has a twelve month low of $80.63 and a twelve month high of $167.69. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The stock has a 50-day simple moving average of $122.28 and a 200-day simple moving average of $129.26. The stock has a market cap of $8.02 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 0.59 and a beta of 1.68.

TFI International (NYSE:TFII) last posted its earnings results on Thursday, October 29th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.08). The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. TFI International had a return on equity of 16.05% and a net margin of 4.26%. On average, analysts anticipate that TFI International will post 5.95 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

Institutional investors and hedge funds have recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in TFI International in the 3rd quarter worth approximately $36,000. Allworth Financial LP purchased a new position in shares of TFI International during the 2nd quarter worth $46,000. State of Wyoming purchased a new position in shares of TFI International during the 2nd quarter worth $56,000. Versant Capital Management Inc boosted its holdings in shares of TFI International by 47.3% during the second quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock worth $59,000 after purchasing an additional 131 shares during the last quarter. Finally, Tacita Capital Inc acquired a new stake in shares of TFI International during the second quarter worth $91,000. Hedge funds and other institutional investors own 73.30% of the company’s stock.

About TFI International

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.