TFI International (NYSE:TFII) Given New $127.00 Price Target at Royal Bank of Canada

TFI International (NYSE:TFII) had its price target decreased by Royal Bank of Canada from $156.00 to $127.00 in a research note issued to investors on Friday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. UBS Group lowered TFI International from a “buy” rating to a “neutral” rating and cut their target price for the company from $163.00 to $107.00 in a research report on Friday. Bank of America downgraded TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. CIBC cut their price target 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. Finally, Stifel Nicolaus lowered their price objective on shares of TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.07.

TFI International Stock Performance

Shares of TFI International stock opened at $94.69 on Friday. The business’s fifty day simple moving average is $133.57 and its 200-day simple moving average is $140.28. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. The firm has a market cap of $7.97 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. TFI International has a 52 week low of $92.66 and a 52 week high of $162.13.

TFI International (NYSE:TFII) last announced its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. Equities analysts forecast that TFI International will post 7.76 earnings per share for the current year.

Institutional Trading of TFI International

A number of institutional investors have recently bought and sold shares of TFII. 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 valued at $32,000 after buying an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after acquiring an additional 160 shares in the last quarter. Plato Investment Management Ltd acquired a new position in TFI International during the third quarter worth about $134,000. Entropy Technologies LP purchased a new stake in shares of TFI International in the third quarter valued at about $643,000. Finally, Legato Capital Management LLC grew its position 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 purchasing an additional 859 shares during the last quarter. 73.30% of the stock is currently 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.