TFI International (NYSE:TFII) Price Target Raised to $176.00

TFI International (NYSE:TFII) had its target price upped by investment analysts at CIBC from $166.00 to $176.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperformer” rating on the stock. CIBC’s price target would indicate a potential upside of 15.51% from the stock’s current price.

A number of other brokerages have also weighed in on TFII. Stifel Nicolaus lowered TFI International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $158.00 to $142.00 in a research report on Wednesday, October 23rd. TD Cowen cut their price target on TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Desjardins cut their price target on TFI International from $209.00 to $204.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their price objective on TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Susquehanna cut their price objective on TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.19.

TFI International Price Performance

TFII opened at $152.37 on Wednesday. TFI International has a 1 year low of $111.72 and a 1 year high of $162.13. The stock has a 50-day moving average price of $140.85 and a 200-day moving average price of $143.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a market cap of $12.90 billion, a PE ratio of 27.70, a P/E/G ratio of 1.94 and a beta of 1.56.

TFI International (NYSE:TFII) last issued its earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm posted $1.57 EPS. Sell-side analysts predict that TFI International will post 6.26 earnings per share for the current fiscal year.

Institutional Trading of TFI International

Hedge funds have recently modified their holdings of the company. Plato Investment Management Ltd purchased a new stake in shares of TFI International during the 3rd quarter worth approximately $134,000. iA Global Asset Management Inc. purchased a new stake in shares of TFI International during the 2nd quarter worth approximately $240,000. Entropy Technologies LP purchased a new stake in shares of TFI International during the 3rd quarter worth approximately $643,000. Summit Global Investments raised its holdings in shares of TFI International by 83.7% during the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after acquiring an additional 3,012 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of TFI International during the 3rd quarter worth approximately $2,373,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.