Bank of America downgraded shares of TFI International (NYSE:TFII – Free Report) from a neutral rating to an underperform rating in a report issued on Thursday morning, Marketbeat.com reports.
A number of other equities analysts have also recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of TFI International from $139.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. TD Securities decreased their price objective on TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. CIBC increased their target price on TFI International from $166.00 to $176.00 and gave the company an “outperformer” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada decreased their target price on TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.85.
Check Out Our Latest Report on TFI International
TFI International Trading Down 20.4 %
TFI International (NYSE:TFII – Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.40). TFI International had a net margin of 5.08% and a return on equity of 18.43%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. Research analysts expect that TFI International will post 7.76 earnings per share for the current fiscal year.
Institutional Trading of TFI International
Hedge funds and other institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its holdings in shares of TFI International by 124.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after buying an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after acquiring an additional 160 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of TFI International in the third quarter valued at approximately $134,000. Entropy Technologies LP bought a new stake in shares of TFI International in the third quarter worth $643,000. Finally, Legato Capital Management LLC boosted its holdings in TFI International by 8.9% during the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after purchasing an additional 859 shares during the last quarter. Institutional investors and hedge funds 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.
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