TFI International (NYSE:TFII) Price Target Cut to $94.00 by Analysts at Royal Bank of Canada

TFI International (NYSE:TFII - Get Free Report) had its price objective reduced by equities research analysts at Royal Bank of Canada from $98.00 to $94.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's target price indicates a potential upside of 17.96% from the stock's current price.

A number of other analysts have also weighed in on the stock. Susquehanna Bancshares lowered their price objective on shares of TFI International from $105.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday. Citigroup upped their price target on shares of TFI International from $95.00 to $107.00 and gave the stock a "buy" rating in a research report on Friday. Bank of America downgraded shares of TFI International from a "neutral" rating to an "underperform" rating in a research note on Thursday, February 20th. Stephens dropped their target price on TFI International from $138.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus reduced their price target on TFI International from $120.00 to $105.00 and set a "hold" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $126.25.

TFI International Price Performance

TFI International stock opened at $79.69 on Monday. 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 stock has a market cap of $6.69 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. The firm has a 50-day moving average of $83.27 and a two-hundred day moving average of $119.86. TFI International has a 1 year low of $72.02 and a 1 year high of $158.93.

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

Hedge Funds Weigh In On TFI International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new position in TFI International in the 4th quarter worth approximately $148,623,000. QV Investors Inc. increased its holdings in shares of TFI International by 60.6% in the first quarter. QV Investors Inc. now owns 350,096 shares of the company's stock valued at $27,103,000 after purchasing an additional 132,166 shares during the last quarter. Geode Capital Management LLC lifted its position in TFI International by 31.5% during the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after buying an additional 112,455 shares in the last quarter. Canoe Financial LP boosted its stake in TFI International by 168.5% during the first quarter. Canoe Financial LP now owns 36,857 shares of the company's stock worth $2,854,000 after buying an additional 23,131 shares during the last quarter. Finally, CDAM UK Ltd grew its holdings in TFI International by 2.5% in the 4th 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 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.

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