TFI International (NYSE:TFII) Given New $141.00 Price Target at CIBC

TFI International (NYSE:TFII) had its target price decreased by CIBC from $160.00 to $141.00 in a research note issued to investors on Friday,Benzinga reports. CIBC currently has an outperformer rating on the stock.

TFII has been the topic of a number of other reports. Citigroup lifted their target price on TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. UBS Group cut shares of TFI International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $163.00 to $107.00 in a research note on Friday. Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Bank of America cut shares of TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday. Finally, Stifel Nicolaus dropped their price target on TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $157.07.

TFI International Trading Down 6.7 %

TFI International stock opened at $94.69 on Friday. TFI International has a 12-month low of $92.66 and a 12-month high of $162.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The stock has a market capitalization of $7.97 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. The firm has a 50 day simple moving average of $133.57 and a 200-day simple moving average of $140.28.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. As a group, equities research analysts expect that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TFII. Brown Brothers Harriman & Co. boosted its position in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after acquiring an additional 131 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after purchasing an additional 160 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of TFI International during the third quarter worth approximately $134,000. Entropy Technologies LP acquired a new stake in shares of TFI International during the third quarter worth approximately $643,000. Finally, Legato Capital Management LLC grew its position in 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 purchasing an additional 859 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

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.