TFI International (NYSE:TFII) Given New $171.00 Price Target at TD Securities

TFI International (NYSE:TFII) had its price target reduced by TD Securities from $180.00 to $171.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 28.14% from the company’s previous close.

Several other research firms also recently commented on TFII. Susquehanna decreased their price target on shares of TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a research note on Wednesday. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Stifel Nicolaus lowered shares of TFI International from a “buy” rating to a “hold” rating and cut their price target for the company from $158.00 to $142.00 in a research report on Wednesday. National Bank Financial downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group dropped their price target on shares of TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.71.

TFI International Price Performance

NYSE:TFII traded down $2.44 during midday trading on Wednesday, hitting $133.45. The company had a trading volume of 272,978 shares, compared to its average volume of 262,998. The company has a market capitalization of $11.29 billion, a PE ratio of 23.63, a P/E/G ratio of 1.51 and a beta of 1.55. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. TFI International has a 52-week low of $104.91 and a 52-week high of $162.13. The stock’s fifty day moving average price is $142.63 and its 200-day moving average price is $142.96.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. During the same quarter in the previous year, the company posted $1.57 earnings per share. As a group, research analysts expect that TFI International will post 6.68 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TFII. Vaughan Nelson Investment Management L.P. purchased a new position in shares of TFI International in the first quarter worth $42,583,000. QV Investors Inc. bought a new position in shares of TFI International during the 3rd quarter valued at approximately $29,891,000. AGF Management Ltd. grew its holdings in shares of TFI International by 359.1% in the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after purchasing an additional 87,223 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in TFI International in the first quarter worth $10,118,000. Finally, Hood River Capital Management LLC raised its stake in TFI International by 6.6% during the first quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock valued at $36,180,000 after purchasing an additional 13,995 shares in the last quarter. Hedge funds and other 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.