TFI International (NYSE:TFII) Price Target Cut to $127.00 by Analysts at Royal Bank of Canada

TFI International (NYSE:TFII - Get Free Report) had its price target decreased by Royal Bank of Canada from $156.00 to $127.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective points to a potential upside of 37.72% from the stock's current price.

Several other research firms have also weighed in on TFII. Stifel Nicolaus dropped their price objective on shares of TFI International from $147.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday. The Goldman Sachs Group dropped their price target on shares of TFI International from $176.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday. UBS Group cut TFI International from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $163.00 to $107.00 in a research report on Friday. Bank of America lowered TFI International from a "neutral" rating to an "underperform" rating in a research report on Thursday, February 20th. Finally, Citigroup raised their price target on TFI International from $158.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $151.43.

TFI International Stock Up 1.9 %

Shares of TFII stock traded up $1.71 on Friday, reaching $92.21. 1,201,677 shares of the company's stock traded hands, compared to its average volume of 349,480. The company has a market capitalization of $7.76 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. 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 business's 50 day moving average price is $132.33 and its two-hundred day moving average price is $139.80.

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

Institutional Trading of TFI International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake in TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock valued at $32,000 after buying an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in TFI International by 40.5% during the fourth 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. Plato Investment Management Ltd acquired a new stake in shares of TFI International in the third quarter valued at about $134,000. Entropy Technologies LP bought a new position in shares of TFI International in the third quarter worth about $643,000. Finally, Legato Capital Management LLC increased 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 worth $1,414,000 after purchasing an additional 859 shares during the period. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.