TFI International (NYSE:TFII) Price Target Raised to $170.00 at Citigroup

TFI International (NYSE:TFII) had its price target hoisted by stock analysts at Citigroup from $158.00 to $170.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 14.99% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. CIBC reduced their price target on shares of TFI International from $174.00 to $166.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. TD Securities lowered their price objective on shares of TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, TD Cowen reduced their price target on shares of TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TFI International has an average rating of “Moderate Buy” and an average target price of $168.56.

TFI International Stock Down 0.1 %

Shares of NYSE TFII traded down $0.10 during mid-day trading on Tuesday, hitting $147.84. The company had a trading volume of 120,054 shares, compared to its average volume of 263,814. The company has a market capitalization of $12.51 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.55. The business’s 50-day simple moving average is $139.80 and its 200 day simple moving average is $141.72. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. TFI International has a 1-year low of $110.25 and a 1-year high of $162.13.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the business posted $1.57 EPS. On average, analysts predict that TFI International will post 6.26 earnings per share for the current year.

Institutional Investors Weigh In On TFI International

Several hedge funds and other institutional investors have recently modified their holdings of TFII. Hillsdale Investment Management Inc. raised its holdings in shares of TFI International by 1,200.0% during the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after acquiring an additional 4,200 shares in the last quarter. Toronto Dominion Bank boosted its position in TFI International by 17.4% in the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock worth $6,329,000 after purchasing an additional 6,475 shares during the last quarter. AGF Management Ltd. raised its stake in shares of TFI International by 359.1% in the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after buying an additional 87,223 shares during the period. Russell Investments Group Ltd. raised its stake in TFI International by 14.3% during the 1st quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock valued at $8,699,000 after purchasing an additional 6,808 shares during the period. Finally, QV Investors Inc. bought a new stake in TFI International in the 3rd quarter worth approximately $29,891,000. 73.30% of the stock is currently owned by institutional investors.

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.