TFI International (NYSE:TFII) Upgraded to Strong-Buy at National Bank Financial

TFI International (NYSE:TFII) was upgraded by National Bank Financial from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other brokerages have also recently weighed in on TFII. CIBC dropped their price objective on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a report on Friday, February 21st. Bank of America downgraded TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. Citigroup reduced their price objective on shares of TFI International from $162.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Stephens dropped their target price 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. Finally, TD Cowen reduced their price target on shares of TFI International from $135.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.71.

TFI International Trading Up 4.7 %

Shares of TFI International stock opened at $79.40 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The firm has a 50-day moving average of $101.28 and a 200-day moving average of $127.28. TFI International has a 52-week low of $72.02 and a 52-week high of $162.13. The stock has a market cap of $6.68 billion, a PE ratio of 15.88, a PEG ratio of 1.11 and a beta of 1.57.

TFI International (NYSE:TFII) last announced its earnings results 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 return on equity of 18.40% 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. As a group, sell-side analysts forecast that TFI International will post 7.76 EPS for the current year.

Institutional Trading of TFI International

Several hedge funds and other institutional investors have recently made changes to their positions in TFII. Brown Brothers Harriman & Co. boosted its position in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after buying an additional 131 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of TFI International by 40.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after purchasing an additional 160 shares during the period. Entropy Technologies LP grew its stake in shares of TFI International by 97.8% in the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock worth $1,256,000 after purchasing an additional 4,595 shares during the last quarter. Legato Capital Management LLC increased its holdings in 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 purchasing an additional 859 shares during the period. Finally, Canoe Financial LP bought a new position in TFI International during the 4th quarter worth $1,853,000. 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.