TFI International (NYSE:TFII) Shares Down 4.9% on Analyst Downgrade

TFI International Inc. (NYSE:TFII)’s share price dropped 4.9% during mid-day trading on Tuesday after Susquehanna lowered their price target on the stock from $170.00 to $135.00. Susquehanna currently has a positive rating on the stock. TFI International traded as low as $80.19 and last traded at $81.98. Approximately 746,534 shares were traded during mid-day trading, an increase of 100% from the average daily volume of 372,591 shares. The stock had previously closed at $86.21.

Other analysts have also issued reports about the company. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. UBS Group downgraded shares of TFI International from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $163.00 to $107.00 in a research note on Friday, February 21st. CIBC decreased their target price on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a research note on Friday, February 21st. Veritas cut TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Stifel Nicolaus cut their price objective on TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TFI International has an average rating of “Hold” and a consensus price target of $148.93.

Institutional Trading of TFI International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TFII. Brown Brothers Harriman & Co. grew its stake in TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after acquiring an additional 131 shares during the period. CIBC Private Wealth Group LLC grew its position in TFI International by 40.5% in the 4th 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 during the period. Plato Investment Management Ltd bought a new stake in TFI International during the 3rd quarter valued at $134,000. Entropy Technologies LP acquired a new position in TFI International during the third quarter worth $643,000. Finally, Legato Capital Management LLC lifted its stake in shares of TFI International by 8.9% in the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock valued at $1,414,000 after buying an additional 859 shares in the last quarter. 73.30% of the stock is owned by institutional investors.

TFI International Price Performance

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.11 and a beta of 1.57. The business’s fifty day moving average price is $127.05 and its 200-day moving average price is $137.83.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 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 company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, research analysts forecast that TFI International Inc. will post 7.76 EPS 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.