Short Interest in TFI International Inc. (NYSE:TFII) Declines By 18.0%

TFI International Inc. (NYSE:TFII) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 658,700 shares, a decrease of 18.0% from the August 15th total of 803,100 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 220,000 shares, the short-interest ratio is currently 3.0 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TFII shares. Stifel Nicolaus increased their price target on TFI International from $151.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. National Bank Financial downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. TD Cowen increased their price objective on shares of TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. CIBC lifted their target price on shares of TFI International from $167.00 to $179.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of TFI International from $170.00 to $184.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $170.33.

Hedge Funds Weigh In On TFI International

Institutional investors have recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. increased its stake in shares of TFI International by 1.3% during the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 537,835 shares of the company’s stock worth $78,394,000 after purchasing an additional 6,887 shares during the last quarter. CDAM UK Ltd raised its stake in shares of TFI International by 6.9% in the fourth quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock valued at $51,932,000 after buying an additional 24,730 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of TFI International during the 1st quarter valued at $42,583,000. Hood River Capital Management LLC grew its stake in shares of TFI International by 6.6% during the 1st quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after acquiring an additional 13,995 shares during the period. Finally, Argent Capital Management LLC grew its stake in shares of TFI International by 793.1% during the 1st quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock worth $28,927,000 after acquiring an additional 161,094 shares during the period. 73.30% of the stock is owned by institutional investors.

TFI International Stock Up 0.0 %

TFII stock opened at $142.98 on Monday. The stock’s 50 day moving average is $148.39 and its 200-day moving average is $145.71. TFI International has a twelve month low of $104.91 and a twelve month high of $162.13. The firm has a market capitalization of $12.10 billion, a PE ratio of 25.40, a P/E/G ratio of 1.49 and a beta of 1.55. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

TFI International (NYSE:TFII) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm earned $1.59 earnings per share. The firm’s revenue was up 26.4% on a year-over-year basis. Sell-side analysts expect that TFI International will post 6.86 EPS for the current fiscal 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.