TFI International (NYSE:TFII) Cut to Underperform at Bank of America

Bank of America cut shares of TFI International (NYSE:TFII) from a neutral rating to an underperform rating in a report published on Thursday morning, MarketBeat reports.

A number of other research firms have also recently commented on TFII. Citigroup lifted their price target on TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. National Bankshares reduced their target price on TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus boosted their target price on TFI International from $139.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Royal Bank of Canada cut their price target on TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, CIBC upped their price objective on shares of TFI International from $166.00 to $176.00 and gave the company an “outperformer” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and an average target price of $170.85.

TFI International Trading Down 20.4 %

NYSE TFII opened at $101.53 on Thursday. TFI International has a 12 month low of $100.77 and a 12 month high of $162.13. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The stock has a 50 day moving average of $134.73 and a 200-day moving average of $140.62. The company has a market cap of $8.55 billion, a PE ratio of 20.31, a PEG ratio of 1.40 and a beta of 1.57.

TFI International (NYSE:TFII) last announced its quarterly earnings results 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 net margin of 5.08% and a return on equity of 18.43%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, equities research analysts anticipate that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of TFI International by 7.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company’s stock valued at $5,046,000 after buying an additional 2,696 shares during the period. CDAM UK Ltd lifted its position in shares of TFI International by 2.5% during the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock valued at $51,483,000 after acquiring an additional 9,200 shares during the period. Geode Capital Management LLC grew its holdings 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 purchasing an additional 112,455 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after purchasing an additional 160 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of TFI International by 124.8% in 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. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Company Profile

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.