TFI International (NYSE:TFII) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of TFI International (NYSE:TFII) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other research analysts have also recently issued reports on TFII. Scotia decreased their target price on shares of TFI International from $168.00 to $138.00 and set a “sector outperform” rating for the company in a report on Monday, November 2nd. Stifel Nicolaus cut their price target on shares of TFI International from $132.00 to $107.00 and set a “hold” rating on the stock in a report on Monday, November 2nd. The Goldman Sachs Group reduced their price target on shares of TFI International from $178.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. National Bank Financial reduced their price target on shares of TFI International from $161.00 to $148.00 and set an “outperform” rating for the company in a research report on Tuesday, October 6th. Finally, Morgan Stanley cut their target price on TFI International from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Monday, November 2nd. Sixteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $142.95.

TFI International Price Performance

Shares of NYSE:TFII opened at $94.51 on Friday. TFI International has a 1-year low of $80.63 and a 1-year high of $167.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.10. The business has a fifty day moving average price of $117.52 and a 200-day moving average price of $128.82. The company has a market capitalization of $7.73 billion, a PE ratio of 21.83, a PEG ratio of 0.80 and a beta of 1.67.

TFI International (NYSE:TFII) last posted its quarterly 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 company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.23 billion. TFI International had a return on equity of 16.05% and a net margin of 4.26%. As a group, equities analysts expect that TFI International will post 5.56 EPS for the current fiscal year.

Hedge Funds Weigh In On TFI International

Several hedge funds and other institutional investors have recently bought and sold shares of TFII. Nykredit A S bought a new position in shares of TFI International during the 2nd quarter valued at $3,031,000. TD Waterhouse Canada Inc. boosted its stake in shares of TFI International by 10.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 250,009 shares of the company’s stock worth $34,207,000 after buying an additional 23,597 shares during the last quarter. Caisse de depot et placement du Quebec purchased a new position in shares of TFI International in the 2nd quarter worth $910,995,000. Hill City Capital LP purchased a new position in shares of TFI International in the 2nd quarter worth $20,817,650. Finally, BlackRock Inc. bought a new stake in shares of TFI International in the second quarter worth $14,341,000. Institutional investors own 73.30% of the company’s stock.

TFI International Company Profile

TFI International is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. It provides freight transportation and related services through operating companies across Canada and the United States, with additional cross-border services.

The company’s activities include less-than-truckload and truckload transportation, logistics and freight brokerage, and package and courier delivery. It also offers services such as intermodal transportation, warehousing, and specialized transportation, including waste and flatbed services.

TFI International traces its roots to a Quebec trucking business established in 1957.