CIBC Cuts TFI International (NYSE:TFII) Price Target to $166.00

TFI International (NYSE:TFII) had its target price lowered by equities research analysts at CIBC from $174.00 to $166.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 24.39% from the stock’s previous close.

Several other equities research analysts have also recently commented on TFII. JPMorgan Chase & Co. cut their price target on TFI International from $184.00 to $181.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. Bank of America decreased their price objective on shares of TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a research note on Tuesday. Stephens reiterated an “equal weight” rating and issued a $149.00 price target (down previously from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Royal Bank of Canada reduced their price objective on TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Susquehanna lowered their target price on TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a report on Wednesday. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.71.

TFI International Stock Performance

NYSE:TFII traded down $2.44 during trading hours on Wednesday, hitting $133.45. 272,978 shares of the company were exchanged, compared to its average volume of 262,998. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 1.51 and a beta of 1.55. The company’s 50 day moving average price is $142.63 and its 200-day moving average price is $142.96.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a net margin of 5.93% and a return on equity of 20.48%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the company posted $1.57 earnings per share. As a group, research analysts forecast that TFI International will post 6.68 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. iA Global Asset Management Inc. acquired a new stake in TFI International in the 2nd quarter valued at about $240,000. Industrial Alliance Investment Management Inc. raised its position in shares of TFI International by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after purchasing an additional 80 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after purchasing an additional 4,200 shares during the period. Summit Global Investments increased its stake in TFI International by 83.7% in the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after purchasing an additional 3,012 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in TFI International by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after buying an additional 743 shares during the period. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Company Profile

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.