TFI International (NYSE:TFII) Lowered to "Hold" at Stifel Nicolaus

TFI International (NYSE:TFII - Get Free Report) was downgraded by research analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a $142.00 price objective on the stock, down from their previous price objective of $158.00. Stifel Nicolaus' price target would indicate a potential upside of 7.83% from the company's current price.

Several other research analysts have also recently commented on the company. CIBC cut their price target on TFI International from $179.00 to $174.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 1st. The Goldman Sachs Group cut their price target on TFI International from $189.00 to $184.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada boosted their price target on TFI International from $162.00 to $171.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Desjardins cut TFI International from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Finally, Stephens reiterated an "equal weight" rating and issued a $149.00 price target (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $167.94.

TFI International Trading Down 3.1 %

Shares of NYSE:TFII traded down $4.20 during midday trading on Wednesday, reaching $131.69. The company's stock had a trading volume of 555,290 shares, compared to its average volume of 264,395. The firm has a market cap of $11.14 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.51 and a beta of 1.55. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. TFI International has a 1 year low of $104.91 and a 1 year high of $162.13. The business has a 50 day moving average price of $142.63 and a 200 day moving average price of $142.96.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.19). TFI International had a net margin of 5.93% and a return on equity of 20.48%. The firm had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same period last year, the firm posted $1.57 EPS. Research analysts forecast that TFI International will post 6.68 EPS for the current year.

Institutional Trading of TFI International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. acquired a new position in TFI International during the first quarter worth $42,583,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in TFI International by 1.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company's stock worth $27,798,000 after buying an additional 2,914 shares during the last quarter. Van ECK Associates Corp increased its position in TFI International by 6.9% during the first quarter. Van ECK Associates Corp now owns 11,502 shares of the company's stock worth $1,835,000 after buying an additional 743 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in TFI International during the first quarter worth $10,118,000. Finally, Steamboat Capital Partners LLC increased its position in TFI International by 1.6% during the first quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company's stock worth $11,214,000 after buying an additional 1,086 shares during the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

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.