TFI International (NYSE:TFII) Stock Bumped Down to “Hold” by Wall Street Zen

Wall Street Zen lowered shares of TFI International (NYSE:TFII) from a buy rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

TFII has been the topic of a number of other research reports. Susquehanna lowered their target price on TFI International from $185.00 to $164.00 and set a “positive” rating on the stock in a report on Friday, October 2nd. Desjardins set a $170.00 price target on TFI International and gave the stock a “buy” rating in a report on Monday, November 2nd. National Bank Financial reduced their price objective on TFI International from $161.00 to $148.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. UBS Group increased their price objective on TFI International from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, The Goldman Sachs Group dropped their price objective on TFI International from $178.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.32.

TFI International Stock Down 2.0%

TFII stock opened at $94.75 on Friday. The company’s 50 day simple moving average is $118.30 and its 200-day simple moving average is $128.90. The firm has a market capitalization of $7.75 billion, a PE ratio of 21.88, a P/E/G ratio of 0.76 and a beta of 1.67. TFI International has a 12 month low of $80.63 and a 12 month high of $167.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.10.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). TFI International had a return on equity of 16.05% and a net margin of 4.26%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Equities analysts expect that TFI International will post 5.56 earnings per share for the current fiscal year.

Institutional Trading of TFI International

Hedge funds have recently bought and sold shares of the company. BCV Asset Management Inc. boosted its stake in TFI International by 3.3% in the 3rd quarter. BCV Asset Management Inc. now owns 275,262 shares of the company’s stock worth $33,229,000 after buying an additional 8,898 shares during the last quarter. CenterBook Partners LP purchased a new stake in TFI International in the 3rd quarter valued at about $828,000. Vise Technologies Inc. grew its holdings in TFI International by 15.0% in the 3rd quarter. Vise Technologies Inc. now owns 3,684 shares of the company’s stock valued at $442,000 after buying an additional 481 shares during the period. Laurel Wealth Advisors LLC acquired a new position in shares of TFI International during the 3rd quarter valued at about $36,000. Finally, Guardian Partners Inc. increased its stake in shares of TFI International by 1.1% during the 3rd quarter. Guardian Partners Inc. now owns 37,960 shares of the company’s stock valued at $4,563,000 after acquiring an additional 412 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

About TFI International

TFI International is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. It provides freight transportation and related services through operating companies across Canada and the United States, with additional cross-border services.

The company’s activities include less-than-truckload and truckload transportation, logistics and freight brokerage, and package and courier delivery. It also offers services such as intermodal transportation, warehousing, and specialized transportation, including waste and flatbed services.

TFI International traces its roots to a Quebec trucking business established in 1957.