TFI International (NYSE:TFII) Sees Strong Trading Volume – Still a Buy?

Shares of TFI International Inc. (NYSE:TFII) saw strong trading volume on Friday . 845,765 shares were traded during trading, an increase of 202% from the previous session’s volume of 279,839 shares.The stock last traded at $93.68 and had previously closed at $101.48.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group dropped their price objective on TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank of Canada dropped their price objective on TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday. Stifel Nicolaus dropped their price objective on TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a research report on Friday. Finally, Citigroup upped their price objective on TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.07.

TFI International Stock Down 6.7 %

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 company has a market capitalization of $7.97 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.11 and a beta of 1.57. The stock has a 50-day moving average price of $133.57 and a 200-day moving average price of $140.22.

TFI International (NYSE:TFII) last issued its quarterly earnings data 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 return on equity of 18.40% and a net margin of 5.08%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, research analysts predict that TFI International Inc. will post 7.76 EPS for the current fiscal year.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently made changes to their positions in TFII. Entropy Technologies LP bought a new position in shares of TFI International during the third quarter worth about $643,000. Plato Investment Management Ltd acquired a new stake in TFI International during the third quarter worth approximately $134,000. Quantbot Technologies LP grew its stake in TFI International by 295.1% during the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after purchasing an additional 16,047 shares during the period. iA Global Asset Management Inc. grew its stake in TFI International by 1,894.5% during the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after purchasing an additional 31,260 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in TFI International during the third quarter worth approximately $2,373,000. 73.30% of the stock is currently owned by institutional investors.

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.