TFI International (NYSE:TFII) Sets New 12-Month Low on Analyst Downgrade

TFI International Inc. (NYSE:TFII - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday after Susquehanna lowered their price target on the stock from $170.00 to $135.00. Susquehanna currently has a positive rating on the stock. TFI International traded as low as $88.48 and last traded at $88.78, with a volume of 74055 shares. The stock had previously closed at $90.65.

Several other research firms also recently issued reports on TFII. CIBC reduced their price target 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. Desjardins upgraded shares of TFI International from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Citigroup lowered their target price on shares of TFI International from $162.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Bank of America cut shares of TFI International from a "neutral" rating to an "underperform" rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group decreased their price objective on TFI International from $176.00 to $150.00 and set a "buy" rating for the company in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $148.93.

Hedge Funds Weigh In On TFI International

A number of large investors have recently made changes to their positions in the stock. Baillie Gifford & Co. purchased a new stake in TFI International during the 4th quarter worth about $148,623,000. Geode Capital Management LLC grew its holdings in TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock valued at $64,345,000 after buying an additional 112,455 shares in the last quarter. CDAM UK Ltd increased its position in shares of TFI International by 2.5% during the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock valued at $51,483,000 after buying an additional 9,200 shares during the period. Amundi lifted its holdings in shares of TFI International by 2.4% in the fourth quarter. Amundi now owns 181,202 shares of the company's stock worth $24,134,000 after buying an additional 4,266 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of TFI International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company's stock valued at $10,621,000 after acquiring an additional 4,763 shares during the period. 73.30% of the stock is owned by institutional investors.

TFI International Trading Up 0.2 %

The firm's 50 day moving average is $124.72 and its 200 day moving average is $137.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The company has a market cap of $7.05 billion, a PE ratio of 16.76, a PEG ratio of 1.11 and a beta of 1.62.

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

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.