TFI International (NYSE:TFII) Now Covered by Veritas

Veritas assumed coverage on shares of TFI International (NYSE:TFII) in a report released on Tuesday morning,Zacks reports. The brokerage issued a hold rating on the stock.

A number of other equities analysts have also weighed in on TFII. Stifel Nicolaus dropped their price target on shares of TFI International from $132.00 to $107.00 and set a “hold” rating for the company in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of TFI International in a research report on Monday, September 21st. Canadian Imperial Bank of Commerce lowered their target price on shares of TFI International from $158.00 to $120.00 and set an “outperformer” rating on the stock in a research note on Monday. UBS Group lifted their target price on shares of TFI International from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada dropped their target price on shares of TFI International from $144.00 to $117.00 and set an “outperform” rating for the company in a report on Monday. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, TFI International currently has an average rating of “Moderate Buy” and a consensus price target of $145.32.

TFI International Trading Up 0.6%

Shares of NYSE:TFII opened at $96.46 on Tuesday. The stock has a 50 day moving average of $120.58 and a 200 day moving average of $129.11. The company has a market cap of $7.93 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.67. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.79. TFI International has a 12-month low of $80.63 and a 12-month high of $167.69.

TFI International (NYSE:TFII) last released its 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). TFI International had a return on equity of 16.05% and a net margin of 4.26%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.23 billion. As a group, equities research analysts expect that TFI International will post 5.72 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC purchased a new stake in TFI International in the 3rd quarter worth $36,000. Allworth Financial LP purchased a new position in shares of TFI International during the second quarter valued at about $46,000. State of Wyoming purchased a new position in shares of TFI International during the second quarter valued at about $56,000. Versant Capital Management Inc grew its position in shares of TFI International by 47.3% during the second quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock valued at $59,000 after purchasing an additional 131 shares in the last quarter. Finally, Tacita Capital Inc purchased a new position in shares of TFI International during the second quarter valued at about $91,000. 73.30% of the stock is 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.