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

TFI International (NYSE:TFII - Free Report) had its target price reduced by Citigroup from $162.00 to $130.00 in a report published on Tuesday, MarketBeat reports. Citigroup currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on TFII. Veritas downgraded shares of TFI International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. UBS Group lowered shares of TFI International from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $163.00 to $107.00 in a research note on Friday, February 21st. Stifel Nicolaus decreased their target price 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, February 21st. The Goldman Sachs Group dropped their price target on TFI International from $176.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, CIBC decreased their price objective on TFI International from $160.00 to $141.00 and set an "outperformer" rating for the company in a research report on Friday, February 21st. 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 MarketBeat.com, the company has an average rating of "Hold" and an average price target of $151.43.

TFI International Stock Performance

Shares of TFII stock traded up $1.46 during mid-day trading on Tuesday, hitting $90.65. 520,726 shares of the stock were exchanged, compared to its average volume of 354,524. TFI International has a 12-month low of $88.76 and a 12-month high of $162.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 1.11 and a beta of 1.57. The stock's fifty day simple moving average is $129.06 and its two-hundred day simple moving average is $138.75.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly 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 firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $1.54 billion. On average, analysts forecast that TFI International will post 7.76 EPS for the current year.

Institutional Investors Weigh In On TFI International

A number of hedge funds and other institutional investors have recently modified their holdings of TFII. Entropy Technologies LP acquired a new stake in shares of TFI International in the 3rd quarter worth approximately $643,000. Plato Investment Management Ltd acquired a new stake in shares of TFI International in the third quarter valued at approximately $134,000. Quantbot Technologies LP increased its stake in shares of TFI International by 295.1% during the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company's stock worth $2,941,000 after purchasing an additional 16,047 shares in the last quarter. iA Global Asset Management Inc. raised its position in shares of TFI International by 1,894.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company's stock worth $4,505,000 after purchasing an additional 31,260 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of TFI International during the 3rd quarter worth approximately $2,373,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.