Stifel Nicolaus Issues Pessimistic Forecast for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its price target reduced by analysts at Stifel Nicolaus from $147.00 to $120.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 23.60% from the stock’s current price.

A number of other research firms have also issued reports on TFII. UBS Group lowered TFI International from a “buy” rating to a “neutral” rating and dropped their price target for the company from $163.00 to $107.00 in a research report on Friday. Bank of America downgraded TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday. CIBC lifted their price target on TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a report on Wednesday, December 4th. Citigroup upped their price objective 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. Finally, Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.36.

TFI International Trading Down 4.3 %

Shares of TFII opened at $97.09 on Friday. TFI International has a 52-week low of $98.14 and a 52-week high of $162.13. The stock has a market cap of $8.18 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57. The firm’s fifty day moving average is $134.73 and its two-hundred day moving average is $140.62. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84.

TFI International (NYSE:TFII) last posted its quarterly earnings results 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 return on equity of 18.43% and a net margin of 5.08%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.54 billion. Research analysts forecast that TFI International will post 7.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TFI International

Several hedge funds have recently bought and sold shares of TFII. Brown Brothers Harriman & Co. increased its stake in TFI International by 124.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after purchasing an additional 131 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after purchasing an additional 160 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in TFI International during the 3rd quarter worth approximately $134,000. Entropy Technologies LP acquired a new stake in TFI International during the 3rd quarter worth approximately $643,000. Finally, Legato Capital Management LLC lifted its holdings in TFI International by 8.9% during the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after buying an additional 859 shares in the last quarter. Institutional investors and hedge funds 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.