TFI International (NYSE:TFII) Upgraded at Zacks Research

TFI International (NYSE:TFII) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other brokerages have also recently commented on TFII. TD Cowen boosted their price target on TFI International from $99.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of TFI International in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of TFI International from $106.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday. Morgan Stanley reiterated an “overweight” rating and issued a $160.00 price objective on shares of TFI International in a report on Monday, December 8th. Finally, Stifel Nicolaus raised their target price on TFI International from $93.00 to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.87.

TFI International Price Performance

TFI International stock opened at $112.58 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market capitalization of $9.25 billion, a P/E ratio of 29.02, a P/E/G ratio of 5.11 and a beta of 1.49. TFI International has a 1 year low of $72.02 and a 1 year high of $140.35. The company’s fifty day moving average price is $98.22 and its 200 day moving average price is $93.68.

TFI International (NYSE:TFII) last released its earnings results on Thursday, October 30th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.49 billion. TFI International had a net margin of 4.06% and a return on equity of 14.20%. As a group, equities research analysts anticipate that TFI International will post 7.76 earnings per share for the current fiscal year.

Institutional Trading of TFI International

A number of institutional investors have recently added to or reduced their stakes in the stock. Dixon Mitchell Investment Counsel Inc. raised its position in TFI International by 44.4% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company’s stock worth $73,714,000 after acquiring an additional 251,444 shares during the last quarter. Argent Capital Management LLC increased its stake in shares of TFI International by 303.4% during the 2nd quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock worth $12,811,000 after purchasing an additional 107,451 shares in the last quarter. Geode Capital Management LLC grew its holdings in TFI International by 19.1% during the 2nd quarter. Geode Capital Management LLC now owns 632,426 shares of the company’s stock valued at $57,214,000 after buying an additional 101,218 shares during the last quarter. QV Investors Inc. boosted 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 valued at $38,862,000 after acquiring an additional 88,697 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in TFI International by 104.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company’s stock valued at $11,275,000 after purchasing an additional 64,108 shares in the last quarter. Hedge funds and other institutional investors 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.