TFI International (NYSE:TFII) Stock Rating Lowered by Bank of America

TFI International (NYSE:TFII) was downgraded by equities researchers at Bank of America from a “neutral” rating to an “underperform” rating in a report issued on Thursday, Marketbeat.com reports.

Other equities analysts have also recently issued reports about the company. TD Cowen lowered their price target on TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. CIBC increased their target price on shares of TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a research note on Wednesday, December 4th. Citigroup boosted their price target on shares of TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. National Bankshares decreased their price objective on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada dropped their target price on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.07.

TFI International Stock Performance

NYSE:TFII opened at $94.69 on Thursday. The company’s 50-day moving average is $133.57 and its two-hundred day moving average is $140.28. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.40 and a beta of 1.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. TFI International has a 1-year low of $92.66 and a 1-year high of $162.13.

TFI International (NYSE:TFII) last released 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). The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. TFI International had a net margin of 5.08% and a return on equity of 18.43%. Analysts forecast that TFI International will post 7.76 EPS for the current year.

Institutional Investors Weigh In On TFI International

Institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. acquired a new stake in TFI International in the fourth quarter valued at $148,623,000. Geode Capital Management LLC boosted its position in shares of TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after acquiring an additional 112,455 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in shares of 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 valued at $4,505,000 after acquiring an additional 31,260 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of TFI International during the 3rd quarter worth about $2,373,000. Finally, Toronto Dominion Bank lifted its stake in TFI International by 37.9% during the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock worth $8,229,000 after purchasing an additional 16,510 shares during the last quarter. 73.30% of the stock is owned by hedge funds and other 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.