TFI International (NYSE:TFII) Upgraded to Neutral at Bank of America

Bank of America upgraded shares of TFI International (NYSE:TFII) from an underperform rating to a neutral rating in a report published on Thursday,Benzinga reports. The firm currently has $123.00 price objective on the stock, up from their prior price objective of $111.00.

Other equities analysts have also issued research reports about the company. Needham & Company LLC set a $130.00 price objective on TFI International in a research note on Wednesday. TD Cowen restated a “buy” rating and issued a $130.00 price target (up previously from $112.00) on shares of TFI International in a research report on Wednesday. Susquehanna upped their price objective on shares of TFI International from $105.00 to $123.00 and gave the stock a “positive” rating in a research report on Monday, January 5th. Zacks Research upgraded shares of TFI International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of TFI International from $106.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and an average target price of $126.19.

TFI International Stock Performance

NYSE TFII opened at $118.34 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $9.72 billion, a P/E ratio of 31.81, a P/E/G ratio of 7.45 and a beta of 1.55. TFI International has a 12-month low of $72.02 and a 12-month high of $127.44. The firm has a 50-day moving average price of $111.26 and a two-hundred day moving average price of $97.99.

TFI International (NYSE:TFII) last announced its earnings results on Tuesday, February 17th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.85 by $0.24. TFI International had a net margin of 3.94% and a return on equity of 13.73%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Analysts anticipate that TFI International will post 7.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TFII. Baillie Gifford & Co. boosted its stake in shares of TFI International by 1.0% in the 4th quarter. Baillie Gifford & Co. now owns 1,029,871 shares of the company’s stock valued at $106,590,000 after purchasing an additional 10,693 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its stake in TFI International by 11.5% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 912,039 shares of the company’s stock valued at $80,718,000 after purchasing an additional 93,705 shares during the last quarter. Geode Capital Management LLC boosted its position in TFI International by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 733,510 shares of the company’s stock valued at $76,293,000 after buying an additional 38,200 shares in the last quarter. QV Investors Inc. grew its stake in shares of TFI International by 25.1% during the third quarter. QV Investors Inc. now owns 441,478 shares of the company’s stock worth $38,862,000 after buying an additional 88,697 shares during the last quarter. Finally, Baskin Financial Services Inc. grew its stake in shares of TFI International by 1.7% during the third quarter. Baskin Financial Services Inc. now owns 427,359 shares of the company’s stock worth $37,582,000 after buying an additional 7,207 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Company Profile

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.