TFI International (NYSE:TFII) Reaches New 52-Week Low – Time to Sell?

Shares of TFI International Inc. (NYSE:TFII) reached a new 52-week low on Monday . The company traded as low as $124.36 and last traded at $126.78, with a volume of 83353 shares trading hands. The stock had previously closed at $131.81.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TFII shares. Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. TD Securities lowered their target price on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. The Goldman Sachs Group cut their price target on TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Bank of America dropped their price objective on TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. decreased their target price on TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.13.

TFI International Stock Performance

The firm has a market capitalization of $10.82 billion, a PE ratio of 23.30, a P/E/G ratio of 1.49 and a beta of 1.58. 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 business has a 50-day simple moving average of $141.48 and a 200-day simple moving average of $143.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TFII. Plato Investment Management Ltd purchased a new stake in shares of TFI International in the third quarter valued at approximately $134,000. Entropy Technologies LP bought a new position in shares of TFI International during the 3rd quarter worth $643,000. Legato Capital Management LLC increased its stake in shares of TFI International by 8.9% during the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock valued at $1,414,000 after buying an additional 859 shares during the period. Canoe Financial LP purchased a new stake in TFI International in the fourth quarter worth about $1,853,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in TFI International in the third quarter worth about $2,373,000. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Company Profile

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.