TFI International (NYSE:TFII) Price Target Lowered to $130.00 at Citigroup

TFI International (NYSE:TFII) had its price objective lowered by analysts at Citigroup from $162.00 to $130.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 43.62% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Bank of America downgraded shares of TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. UBS Group lowered shares of TFI International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $163.00 to $107.00 in a research report on Friday. Royal Bank of Canada lowered their price objective on TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday. Stifel Nicolaus cut their target price on TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a research note on Friday. Finally, Desjardins raised TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, TFI International has an average rating of “Hold” and a consensus price target of $154.21.

TFI International Price Performance

TFII stock opened at $90.52 on Tuesday. TFI International has a 1 year low of $88.76 and a 1 year high of $162.13. The firm has a market capitalization of $7.62 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The business has a 50 day simple moving average of $132.33 and a 200-day simple moving average of $139.80.

TFI International (NYSE:TFII) last issued 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 company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. Equities research analysts anticipate that TFI International will post 7.76 earnings per share for the current fiscal year.

Institutional Trading of TFI International

Hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. increased its stake 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 grew its stake in shares of TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after acquiring an additional 160 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of TFI International during the third quarter worth $134,000. Entropy Technologies LP acquired a new stake in shares of TFI International in the third quarter valued at $643,000. Finally, Legato Capital Management LLC raised its stake 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 acquiring an additional 859 shares in the last quarter. Institutional investors and hedge funds 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.