TFI International (NYSE:TFII) Reaches New 52-Week Low – Here’s Why

TFI International Inc. (NYSE:TFII)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $124.36 and last traded at $126.78, with a volume of 83353 shares. The stock had previously closed at $131.81.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America dropped their target price on shares of TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. National Bankshares decreased their price target on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. TD Securities cut 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 report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price target on TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, CIBC upped their target price on TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.13.

TFI International Stock Up 2.1 %

The company has a market cap of $10.96 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.49 and a beta of 1.57. The firm’s 50 day moving average price is $140.64 and its two-hundred day moving average price is $142.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98.

Institutional Investors Weigh In On TFI International

Hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. acquired a new stake in TFI International in the 4th quarter valued at $148,623,000. Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of TFI International by 0.4% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock valued at $74,242,000 after buying an additional 1,980 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of TFI International by 6.8% during the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after buying an additional 22,566 shares during the last quarter. QV Investors Inc. bought a new stake in shares of TFI International during the third quarter worth about $29,891,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of TFI International by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock worth $10,621,000 after acquiring an additional 4,763 shares during the last quarter. Institutional investors and hedge funds 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.