TFI International Inc. (NYSE:TFII) Receives $117.13 Consensus PT from Analysts

Shares of TFI International Inc. (NYSE:TFII) have been given a consensus rating of “Moderate Buy” by the nineteen research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, ten have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $117.1250.

A number of research analysts have weighed in on the stock. BMO Capital Markets cut their target price on shares of TFI International from $89.00 to $88.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. Susquehanna Bancshares cut their target price on shares of TFI International from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Scotiabank lowered shares of TFI International from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 10th. Cormark lowered shares of TFI International from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Bank of America boosted their target price on shares of TFI International from $90.00 to $92.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 29th.

TFI International Trading Up 2.4%

NYSE:TFII opened at $88.81 on Friday. TFI International has a 12 month low of $72.02 and a 12 month high of $155.12. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 3.01 and a beta of 1.43. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The company’s 50 day moving average is $89.44 and its 200-day moving average is $93.25.

TFI International (NYSE:TFII) last released its earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.10. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. TFI International had a net margin of 4.48% and a return on equity of 15.45%. Equities analysts anticipate that TFI International will post 7.76 EPS for the current year.

Institutional Trading of TFI International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. increased its stake in TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock valued at $698,000 after acquiring an additional 363 shares during the period. Baskin Financial Services Inc. increased its stake in TFI International by 1.2% in the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company’s stock valued at $32,002,000 after acquiring an additional 5,092 shares during the period. Geode Capital Management LLC increased its stake in TFI International by 31.5% in 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 during the period. QV Investors Inc. increased its stake in TFI International by 60.6% in the first quarter. QV Investors Inc. now owns 350,096 shares of the company’s stock valued at $27,103,000 after acquiring an additional 132,166 shares during the period. Finally, Canoe Financial LP increased its stake in TFI International by 168.5% in the first quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock valued at $2,854,000 after acquiring an additional 23,131 shares during the period. Institutional investors own 73.30% of the company’s stock.

About TFI International

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.