TFI International Inc. (NYSE:TFII) Short Interest Update

TFI International Inc. (NYSE:TFII) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 840,400 shares, a decline of 20.7% from the February 13th total of 1,060,000 shares. Based on an average daily volume of 368,000 shares, the short-interest ratio is presently 2.3 days. Currently, 1.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Stephens reduced their price objective on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. UBS Group lowered shares of TFI International from a “buy” rating to a “neutral” rating and dropped their target price for the company from $163.00 to $107.00 in a research report on Friday, February 21st. Susquehanna reduced their price target on shares of TFI International from $170.00 to $135.00 and set a “positive” rating for the company in a research report on Monday, March 3rd. Finally, Veritas cut TFI International from a “strong-buy” rating to a “hold” rating in a 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 issued a buy rating to the company’s stock. According to MarketBeat, TFI International presently has a consensus rating of “Hold” and a consensus target price of $148.93.

Institutional Investors Weigh In On TFI International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. acquired a new stake in shares of TFI International during the fourth quarter valued at about $148,623,000. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 112,455 shares during the last quarter. iA Global Asset Management Inc. raised its position in TFI International by 1,894.5% in the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after purchasing an additional 31,260 shares during the period. Public Employees Retirement System of Ohio acquired a new position in TFI International during the third quarter worth $2,373,000. Finally, Toronto Dominion Bank lifted its stake 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 purchasing an additional 16,510 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Stock Up 0.8 %

Shares of NYSE:TFII opened at $82.52 on Monday. TFI International has a 52-week low of $80.19 and a 52-week high of $162.13. The stock has a market cap of $6.95 billion, a P/E ratio of 16.50, a PEG ratio of 1.11 and a beta of 1.62. The business has a fifty day moving average of $117.33 and a two-hundred day moving average of $133.68. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last announced 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 net margin of 5.08% and a return on equity of 18.40%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. On average, research analysts expect that TFI International will post 7.76 earnings per share for the current year.

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.