Citigroup Initiates Coverage on TFI International (NYSE:TFII)

Stock analysts at Citigroup started coverage on shares of TFI International (NYSE:TFII) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $159.00 price target on the stock. Citigroup’s price target would indicate a potential upside of 18.25% from the company’s previous close.

Several other equities research analysts have also recently issued reports on TFII. Stephens reiterated an “equal weight” rating and issued a $149.00 price target (down from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. TD Cowen boosted their price objective on shares of TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. lowered their price objective on shares of TFI International from $184.00 to $181.00 and set an “overweight” rating for the company in a research report on Tuesday. Desjardins downgraded shares of TFI International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, National Bank Financial downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $168.13.

TFI International Trading Down 1.1 %

Shares of TFII stock opened at $134.46 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The stock has a market cap of $11.38 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55. The stock has a 50 day simple moving average of $143.82 and a 200 day simple moving average of $144.33. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.10. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 earnings per share. On average, research analysts predict that TFI International will post 6.74 earnings per share for the current fiscal year.

Institutional Trading of TFI International

A number of institutional investors and hedge funds have recently bought and sold shares of TFII. UMB Bank n.a. bought a new stake in TFI International during the first quarter valued at $136,000. iA Global Asset Management Inc. purchased a new stake in TFI International in the 2nd quarter valued at about $240,000. Industrial Alliance Investment Management Inc. increased its stake in TFI International by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after buying an additional 80 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after buying an additional 4,200 shares during the last quarter. Finally, Summit Global Investments increased its stake in TFI International by 83.7% in the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after buying an additional 3,012 shares during 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.