TFI International (NYSE:TFII) Rating Lowered to "Underperform" at Bank of America

Bank of America lowered shares of TFI International (NYSE:TFII - Free Report) from a neutral rating to an underperform rating in a report released on Thursday, Marketbeat reports.

A number of other equities analysts have also recently weighed in on TFII. Citigroup upped their price objective on shares of TFI International from $158.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Stifel Nicolaus increased their price target on shares of TFI International from $139.00 to $147.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Desjardins raised shares of TFI International from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. TD Cowen reduced their price target on shares of TFI International from $180.00 to $171.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. Finally, National Bankshares reduced their price target on shares of TFI International from $209.00 to $198.00 and set a "sector perform" rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $157.07.

TFI International Stock Down 6.7 %

NYSE:TFII traded down $6.79 on Thursday, reaching $94.69. The stock had a trading volume of 1,350,660 shares, compared to its average volume of 296,992. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average of $133.57 and a 200 day moving average of $140.28. The stock has a market cap of $7.97 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57. TFI International has a 12-month low of $92.66 and a 12-month high of $162.13.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.40). The firm had revenue of $2.08 billion during 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 18.43%. On average, research analysts predict that TFI International will post 7.76 earnings per share for the current year.

Institutional Investors Weigh In On TFI International

Several large investors have recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of TFI International by 7.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock valued at $5,046,000 after purchasing an additional 2,696 shares during the period. CDAM UK Ltd boosted its holdings 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. Geode Capital Management LLC boosted its holdings in shares of TFI International by 31.5% in the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock valued at $64,345,000 after acquiring an additional 112,455 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of TFI International by 40.5% in 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 in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock valued at $32,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company's stock.

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.