TFI International (NYSE:TFII) Rating Lowered to “Underperform” at Bank of America

TFI International (NYSE:TFII) was downgraded by stock analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued on Thursday, MarketBeat reports.

A number of other equities analysts have also recently issued reports on TFII. Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Citigroup increased their price target on shares of TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. TD Securities reduced their price target on shares of TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. National Bankshares lowered their price objective on TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus lifted their target price on TFI International from $139.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $157.07.

TFI International Price Performance

Shares of NYSE TFII opened at $94.69 on Thursday. The company has a 50 day simple moving average of $133.57 and a two-hundred day simple moving average of $140.28. TFI International has a fifty-two week low of $92.66 and a fifty-two week high of $162.13. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 1.40 and a beta of 1.57. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 earnings per share 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 18.43%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. Analysts expect that TFI International will post 7.76 EPS for the current fiscal year.

Hedge Funds Weigh In On TFI International

Several hedge funds and other institutional investors have recently bought and sold shares of TFII. Baillie Gifford & Co. acquired a new stake in shares of TFI International during the 4th quarter worth approximately $148,623,000. Geode Capital Management LLC raised its position in shares of TFI International by 31.5% in the fourth 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 during the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of TFI International by 1,894.5% during the 3rd 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 last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of TFI International in the third quarter valued at approximately $2,373,000. Finally, Toronto Dominion Bank increased its holdings in shares of TFI International by 37.9% in the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after purchasing an additional 16,510 shares during the last quarter. Institutional investors and hedge funds 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.