TFI International (NYSE:TFII) Price Target Cut to $171.00

TFI International (NYSE:TFII - Get Free Report) had its price target cut by research analysts at TD Cowen from $180.00 to $171.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's target price suggests a potential upside of 29.85% from the company's current price.

A number of other research analysts also recently weighed in on TFII. TD Securities cut their price target on TFI International from $180.00 to $171.00 and set a "buy" rating on the stock in a research note on Wednesday. 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 report on Tuesday, October 1st. Royal Bank of Canada decreased their price target on shares of TFI International from $167.00 to $160.00 and set an "outperform" rating for the company in a research note on Wednesday. The Goldman Sachs Group lowered their target price on TFI International from $189.00 to $184.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Finally, Bank of America dropped their price target on shares of TFI International from $152.00 to $143.00 and set a "neutral" rating on the stock in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, TFI International presently has an average rating of "Moderate Buy" and an average target price of $167.94.

TFI International Stock Performance

NYSE:TFII traded down $4.20 during mid-day trading on Wednesday, hitting $131.69. 555,290 shares of the company's stock traded hands, compared to its average volume of 264,395. TFI International has a 12 month low of $104.91 and a 12 month high of $162.13. The firm has a market capitalization 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 firm has a 50 day moving average of $142.63 and a two-hundred day moving average of $142.96. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89.

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

Institutional Investors Weigh In On TFI International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. raised its stake in TFI International by 1,200.0% during the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company's stock valued at $726,000 after buying an additional 4,200 shares during the last quarter. Toronto Dominion Bank boosted its holdings in TFI International by 17.4% in the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company's stock worth $6,329,000 after buying an additional 6,475 shares during the period. Mediolanum International Funds Ltd purchased a new position in shares of TFI International in the first quarter worth $10,118,000. AGF Management Ltd. boosted its position in shares of TFI International by 359.1% during the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company's stock valued at $16,192,000 after acquiring an additional 87,223 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in TFI International by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company's stock worth $8,699,000 after acquiring an additional 6,808 shares in the last quarter. Institutional investors own 73.30% of the company's stock.

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.