TFI International (NYSE:TFII) Stock Gets Downgrade from Zacks Research

TFI International (NYSE:TFII) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.

Several other equities research analysts have also recently weighed in on TFII. Scotiabank reiterated an “outperform” rating on shares of TFI International in a report on Thursday, October 15th. Canadian Imperial Bank of Commerce decreased their price objective on TFI International from $158.00 to $120.00 and set an “outperformer” rating for the company in a report on Monday, November 2nd. Susquehanna lowered their price objective on shares of TFI International from $185.00 to $164.00 and set a “positive” rating for the company in a research note on Friday, October 2nd. Stephens cut their target price on shares of TFI International from $160.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, November 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TFI International in a research report on Monday, September 21st. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.32.

TFI International Trading Down 2.0%

Shares of NYSE:TFII traded down $1.89 on Thursday, hitting $94.75. 364,381 shares of the company’s stock were exchanged, compared to its average volume of 449,382. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 0.63 and a beta of 1.67. TFI International has a 12 month low of $80.63 and a 12 month high of $167.69. The business’s 50 day simple moving average is $118.30 and its two-hundred day simple moving average is $128.90. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.10.

TFI International (NYSE:TFII) last issued its earnings results on Thursday, October 29th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). The company had revenue of $2.23 billion for 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%. Analysts anticipate that TFI International will post 5.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TFII. Laurel Wealth Advisors LLC acquired a new position in TFI International during the 3rd quarter valued at about $36,000. Allworth Financial LP acquired a new stake in TFI International in the 2nd quarter worth approximately $46,000. State of Wyoming acquired a new stake in TFI International in the 2nd quarter worth approximately $56,000. Versant Capital Management Inc grew its position in TFI International by 47.3% during the 2nd 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 purchased a new stake in TFI International during the 2nd quarter worth approximately $91,000. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

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.