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

TFI International (NYSE:TFII) had its target price cut by Citigroup from $162.00 to $130.00 in a research report report published on Tuesday morning, Marketbeat reports. They currently have a buy rating on the stock.

TFII has been the topic of several other reports. Bank of America downgraded shares of TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday, February 20th. Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada cut their price objective on shares of TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, February 21st. UBS Group cut shares of TFI International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $163.00 to $107.00 in a report on Friday, February 21st. Finally, Veritas lowered TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $151.43.

TFI International Trading Up 1.9 %

NYSE:TFII opened at $92.21 on Tuesday. TFI International has a 12 month low of $88.76 and a 12 month high of $162.13. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average is $131.18 and its 200 day moving average is $139.43. The stock has a market capitalization of $7.76 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57.

TFI International (NYSE:TFII) last issued its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.54 billion. Sell-side analysts expect that TFI International will post 7.76 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

A number of institutional investors have recently added to or reduced their stakes in the business. Entropy Technologies LP purchased a new position in shares of TFI International during the third quarter worth about $643,000. Plato Investment Management Ltd bought a new stake in TFI International during the third quarter valued at approximately $134,000. Quantbot Technologies LP grew its stake in TFI International by 295.1% in the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after buying an additional 16,047 shares in the last quarter. iA Global Asset Management Inc. grew its stake in TFI International by 1,894.5% in the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after buying an additional 31,260 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of TFI International in the 3rd quarter worth $2,373,000. 73.30% of the stock is currently owned by institutional investors.

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.