TFI International (NYSE:TFII) Price Target Lowered to $130.00 at Citigroup

TFI International (NYSE:TFII) had its price target lowered by Citigroup from $162.00 to $130.00 in a report issued on Tuesday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the company. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group cut their target price on TFI International from $176.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus lowered their target price on TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 21st. Bank of America lowered TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. Finally, Veritas downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $151.43.

TFI International Stock Performance

Shares of TFII stock opened at $92.21 on Tuesday. The stock has a market capitalization of $7.76 billion, a PE ratio of 18.44, a PEG ratio of 1.11 and a beta of 1.57. The business’s 50 day simple moving average is $131.18 and its 200 day simple moving average is $139.43. 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 has a one year low of $88.76 and a one year high of $162.13.

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 return on equity of 18.40% and a net margin of 5.08%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, research analysts forecast that TFI International will post 7.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TFII. Baillie Gifford & Co. acquired a new stake in shares of TFI International in the 4th quarter worth about $148,623,000. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 112,455 shares in the last quarter. iA Global Asset Management Inc. boosted its position in shares of 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 valued at $4,505,000 after buying an additional 31,260 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of TFI International during the third quarter valued at approximately $2,373,000. Finally, Toronto Dominion Bank grew its holdings in TFI International by 37.9% during the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock worth $8,229,000 after buying an additional 16,510 shares in the last quarter. 73.30% of the stock is currently 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.