TFI International (NYSE:TFII) Shares Gap Down on Disappointing Earnings

TFI International Inc. (NYSE:TFII - Get Free Report)'s stock price gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $127.61, but opened at $119.58. TFI International shares last traded at $113.09, with a volume of 298,330 shares trading hands.

The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.40). TFI International had a return on equity of 18.43% and a net margin of 5.08%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion.

Analysts Set New Price Targets

A number of equities research analysts have commented on TFII shares. The Goldman Sachs Group reduced their price target on shares of TFI International from $176.00 to $150.00 and set a "buy" rating for the company in a report on Friday. Royal Bank of Canada decreased their target price on shares of TFI International from $156.00 to $127.00 and set an "outperform" rating for the company 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 report on Thursday. Desjardins upgraded shares of TFI International from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Finally, CIBC dropped their target price on shares of TFI International from $160.00 to $141.00 and set an "outperformer" rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, TFI International currently has an average rating of "Moderate Buy" and a consensus target price of $157.07.

Institutional Investors Weigh In On TFI International

Several institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new stake in TFI International during the 4th quarter valued at $148,623,000. Geode Capital Management LLC lifted its position in shares of TFI International by 31.5% in the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after purchasing an additional 112,455 shares during the period. CDAM UK Ltd lifted its position in shares of TFI International by 2.5% in the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock worth $51,483,000 after purchasing an additional 9,200 shares during the period. Amundi lifted its position in shares of TFI International by 2.4% in the 4th quarter. Amundi now owns 181,202 shares of the company's stock worth $24,134,000 after purchasing an additional 4,266 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of TFI International by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company's stock worth $10,621,000 after purchasing an additional 4,763 shares during the period. Hedge funds and other institutional investors own 73.30% of the company's stock.

TFI International Stock Performance

The stock has a market capitalization of $7.97 billion, a PE ratio of 18.94, a PEG ratio of 1.40 and a beta of 1.57. The company's 50-day moving average price is $133.57 and its 200 day moving average price is $140.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98.

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.