TFI International (NYSE:TFII) Stock Price Target Cut by TD Cowen

TFI International (NYSE:TFII) had its target price dropped by equities research analysts at TD Cowen from $158.00 to $119.00 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen‘s price target would indicate a potential upside of 23.38% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. UBS Group upped their target price on TFI International from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. dropped their price target on TFI International from $175.00 to $168.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Canadian Imperial Bank of Commerce decreased their price objective on shares of TFI International from $175.00 to $158.00 and set an “outperformer” rating on the stock in a research report on Monday, October 5th. Stifel Nicolaus lowered their target price on shares of TFI International from $132.00 to $107.00 and set a “hold” rating on the stock in a research note on Monday. Finally, TD lifted their target price on shares of TFI International from $153.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, TFI International has an average rating of “Moderate Buy” and a consensus target price of $162.59.

TFI International Price Performance

NYSE:TFII traded up $3.13 during trading hours on Monday, hitting $96.45. The stock had a trading volume of 350,097 shares, compared to its average volume of 370,085. The company has a 50 day simple moving average of $122.28 and a two-hundred day simple moving average of $129.26. 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 has a one year low of $80.63 and a one year high of $167.69. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 0.59 and a beta of 1.68.

TFI International (NYSE:TFII) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.08). TFI International had a return on equity of 16.05% and a net margin of 4.26%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. Research analysts forecast that TFI International will post 5.95 earnings per share for the current fiscal year.

Institutional Trading of TFI International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vise Technologies Inc. boosted its stake in shares of 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 purchasing an additional 481 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in TFI International in the third quarter worth $36,000. Guardian Partners Inc. boosted its position in TFI International by 1.1% during the third quarter. Guardian Partners Inc. now owns 37,960 shares of the company’s stock valued at $4,563,000 after buying an additional 412 shares during the period. Value Partners Investments Inc. boosted its position in TFI International by 4.7% during the third quarter. Value Partners Investments Inc. now owns 18,857 shares of the company’s stock valued at $2,268,000 after buying an additional 838 shares during the period. Finally, Financial & Tax Architects LLC boosted its position in TFI International by 31.4% during the third quarter. Financial & Tax Architects LLC now owns 4,677 shares of the company’s stock valued at $561,000 after buying an additional 1,117 shares during the period. Hedge funds and other institutional investors own 73.30% of the company’s stock.

About TFI International

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.