TFI International (NYSE:TFII) Stock Gets Price Target Cut from UBS Group

TFI International (NYSE:TFII) had its price target reduced by UBS Group from $159.00 to $114.00 in a report released on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on TFII. Bank of America increased their price target on TFI International from $178.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Stifel Nicolaus reduced their price objective on shares of TFI International from $132.00 to $107.00 and set a “hold” rating for the company in a research report on Monday, November 2nd. Royal Bank Of Canada decreased their price objective on shares of TFI International from $144.00 to $117.00 and set an “outperform” rating on the stock in a report on Monday, November 2nd. Veritas began coverage on shares of TFI International in a research report on Tuesday, November 3rd. They issued a “hold” rating on the stock. Finally, Desjardins set a $170.00 target price on shares of TFI International and gave the stock a “buy” rating in a research note on Monday, November 2nd. Sixteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.95.

TFI International Trading Up 2.7%

Shares of NYSE:TFII opened at $96.85 on Monday. TFI International has a 52-week low of $80.63 and a 52-week high of $167.69. The company has a market capitalization of $7.92 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 0.76 and a beta of 1.67. The company has a 50-day simple moving average of $116.11 and a 200 day simple moving average of $128.67. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.10 and a current ratio of 1.11.

TFI International (NYSE:TFII) last announced its quarterly earnings results 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). The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. TFI International had a return on equity of 16.05% and a net margin of 4.26%. Sell-side analysts forecast that TFI International will post 5.56 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

Several hedge funds have recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in shares of TFI International in the 3rd quarter valued at approximately $36,000. Allworth Financial LP acquired a new stake in shares of TFI International during the 2nd quarter worth approximately $46,000. State of Wyoming acquired a new stake in shares of TFI International during the 2nd quarter worth approximately $56,000. Versant Capital Management Inc increased its stake in TFI International by 47.3% in the second quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock valued at $59,000 after acquiring an additional 131 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in TFI International by 935.4% in the third quarter. Global Retirement Partners LLC now owns 673 shares of the company’s stock valued at $81,000 after acquiring an additional 608 shares during the last quarter. 73.30% of the stock is owned by institutional investors.

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.