CIBC Lowers TFI International (NYSE:TFII) Price Target to $141.00

TFI International (NYSE:TFII) had its price target trimmed by CIBC from $160.00 to $141.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an outperformer rating on the stock.

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

TFI International Stock Down 6.7 %

Shares of TFI International stock opened at $94.69 on Friday. The stock has a 50-day simple moving average of $133.57 and a 200-day simple moving average of $140.28. TFI International has a 52-week low of $92.66 and a 52-week high of $162.13. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 1.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96.

TFI International (NYSE:TFII) last posted its 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 business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, equities research analysts expect that TFI International will post 7.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. bought a new stake in shares of TFI International during the fourth quarter valued at approximately $148,623,000. Geode Capital Management LLC raised its stake in shares of TFI International by 31.5% in the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock valued at $64,345,000 after buying an additional 112,455 shares in the last quarter. CDAM UK Ltd lifted its holdings in shares of TFI International by 2.5% during the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock worth $51,483,000 after acquiring an additional 9,200 shares during the period. Amundi boosted its position in shares of TFI International by 2.4% during the 4th quarter. Amundi now owns 181,202 shares of the company’s stock valued at $24,134,000 after acquiring an additional 4,266 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in TFI International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock valued at $10,621,000 after acquiring an additional 4,763 shares during the period. Institutional investors 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.