TFI International (NYSE:TFII) Given New $98.00 Price Target at Royal Bank of Canada

TFI International (NYSE:TFII - Get Free Report) had its target price dropped by investment analysts at Royal Bank of Canada from $127.00 to $98.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank of Canada's price target would suggest a potential upside of 20.66% from the stock's previous close.

Several other equities research analysts also recently issued reports on TFII. CIBC lowered their price objective on shares of TFI International from $160.00 to $141.00 and set an "outperformer" rating for the company in a research report on Friday, February 21st. UBS Group cut TFI International from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $163.00 to $107.00 in a report on Friday, February 21st. The Goldman Sachs Group cut their price target on TFI International from $176.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 21st. TD Cowen decreased their price objective on TFI International from $135.00 to $128.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Bank of America cut TFI International from a "neutral" rating to an "underperform" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $137.14.

TFI International Trading Down 3.9 %

Shares of TFII stock traded down $3.31 on Tuesday, reaching $81.22. The company had a trading volume of 160,546 shares, compared to its average volume of 484,320. The company has a 50-day moving average of $84.23 and a 200-day moving average of $120.46. TFI International has a 12 month low of $72.02 and a 12 month high of $158.93. The stock has a market cap of $6.82 billion, a PE ratio of 16.23, a PEG ratio of 1.11 and a beta of 1.57. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.19). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.46 billion. On average, equities analysts forecast that TFI International will post 7.76 earnings per share for the current year.

Institutional Investors Weigh In On TFI International

Hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of TFI International by 4.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock worth $698,000 after purchasing an additional 363 shares during the period. Canoe Financial LP grew its holdings in TFI International by 168.5% in the 1st quarter. Canoe Financial LP now owns 36,857 shares of the company's stock valued at $2,854,000 after buying an additional 23,131 shares in the last quarter. QV Investors Inc. increased its position in TFI International by 60.6% during the 1st quarter. QV Investors Inc. now owns 350,096 shares of the company's stock worth $27,103,000 after buying an additional 132,166 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of TFI International by 7.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock worth $5,046,000 after buying an additional 2,696 shares in the last quarter. Finally, CDAM UK Ltd grew its stake in shares of TFI International by 2.5% in the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock valued at $51,483,000 after acquiring an additional 9,200 shares in the last quarter. 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.