Veritas Upgrades TFI International (NYSE:TFII) to Strong-Buy

TFI International (NYSE:TFII) was upgraded by research analysts at Veritas from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

TFII has been the topic of several other reports. UBS Group cut shares of TFI International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $163.00 to $107.00 in a report on Friday, February 21st. CIBC lowered their price target on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a report on Friday, February 21st. Citigroup reduced their price objective on shares of TFI International from $162.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Stifel Nicolaus cut their target price on shares of TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group cut their target price on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, TFI International currently has an average rating of “Moderate Buy” and an average price target of $148.93.

TFI International Price Performance

NYSE TFII opened at $83.11 on Tuesday. TFI International has a 1 year low of $80.19 and a 1 year high of $162.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The stock has a market capitalization of $6.99 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.11 and a beta of 1.62. The business’s fifty day moving average is $114.26 and its two-hundred day moving average is $132.42.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.54 billion. On average, research analysts forecast 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 and hedge funds have recently added to or reduced their stakes in TFII. Quantbot Technologies LP increased its stake in TFI International by 295.1% in the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after acquiring an additional 16,047 shares during the period. iA Global Asset Management Inc. increased its stake in TFI International by 1,894.5% in the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after acquiring an additional 31,260 shares during the period. Public Employees Retirement System of Ohio bought a new stake in TFI International in the third quarter valued at about $2,373,000. Geode Capital Management LLC increased its stake in TFI International by 6.8% in the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after acquiring an additional 22,566 shares during the period. Finally, Toronto Dominion Bank increased its stake in TFI International by 37.9% in the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after acquiring an additional 16,510 shares during the period. Institutional investors 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.