TFI International Inc. (NYSE:TFII) Receives $169.13 Average PT from Brokerages

TFI International Inc. (NYSE:TFII) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $169.13.

TFII has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada lowered their price objective on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Bank of America reduced their price objective on TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Finally, CIBC increased their target price on TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a research note on Wednesday, December 4th.

TFI International Stock Performance

TFI International stock opened at $129.36 on Friday. The firm’s fifty day moving average price is $139.52 and its 200-day moving average price is $142.14. TFI International has a fifty-two week low of $124.36 and a fifty-two week high of $162.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98. The stock has a market cap of $10.89 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 1.48 and a beta of 1.57.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TFII. Baillie Gifford & Co. bought a new stake in TFI International in the 4th quarter worth approximately $148,623,000. QV Investors Inc. purchased a new position in shares of TFI International in the 3rd quarter worth $29,891,000. iA Global Asset Management Inc. grew its holdings in shares of TFI International by 1,894.5% in the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after acquiring an additional 31,260 shares during the period. Geode Capital Management LLC increased its position in TFI International by 6.8% during the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after acquiring an additional 22,566 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in TFI International in the third quarter valued at about $2,373,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

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.