Veritas Upgrades TFI International (NYSE:TFII) to Strong-Buy

TFI International (NYSE:TFII) was upgraded by equities research analysts at Veritas from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Bank of America cut shares of TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus cut their price objective on shares of TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 21st. CIBC cut their price objective on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a report on Friday, February 21st. Finally, Susquehanna cut their price objective on shares of TFI International from $170.00 to $135.00 and set a “positive” rating on the stock in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, TFI International has an average rating of “Moderate Buy” and an average target price of $148.93.

TFI International Price Performance

Shares of TFI International stock opened at $83.11 on Tuesday. TFI International has a 1-year low of $80.19 and a 1-year high of $162.13. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $114.26 and its two-hundred day moving average price is $132.42. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.11 and a beta of 1.62.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TFII. Brown Brothers Harriman & Co. grew its position 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 purchasing an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of 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 acquiring an additional 160 shares during the period. Entropy Technologies LP grew its position in shares of TFI International by 97.8% in the 4th quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock valued at $1,256,000 after acquiring an additional 4,595 shares during the period. Legato Capital Management LLC grew its position in shares of TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock valued at $1,414,000 after acquiring an additional 859 shares during the period. Finally, Canoe Financial LP bought a new position in shares of TFI International in the 4th quarter valued at about $1,853,000. Institutional investors own 73.30% of the company’s stock.

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.