TFI International (NYSE:TFII) Price Target Cut to $160.00 by Analysts at Royal Bank of Canada

TFI International (NYSE:TFII) had its price target reduced by analysts at Royal Bank of Canada from $167.00 to $160.00 in a report released on Wednesday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 18.57% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. National Bank Financial cut TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Bank of America dropped their target price on shares of TFI International from $152.00 to $143.00 and set a “neutral” rating on the stock in a research report on Tuesday. Susquehanna reduced their price target on shares of TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a research report on Wednesday. The Goldman Sachs Group lowered their price objective on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Desjardins lowered TFI International from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $167.94.

TFI International Stock Up 2.5 %

NYSE TFII opened at $134.94 on Wednesday. TFI International has a 12 month low of $104.91 and a 12 month high of $162.13. The company has a market capitalization of $11.42 billion, a P/E ratio of 24.53, a PEG ratio of 1.50 and a beta of 1.55. The company’s 50 day simple moving average is $142.35 and its 200 day simple moving average is $142.88. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.92.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same period in the prior year, the company posted $1.57 EPS. Equities research analysts expect that TFI International will post 6.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TFI International

Large investors have recently bought and sold shares of the business. iA Global Asset Management Inc. bought a new position in TFI International during the second quarter valued at about $240,000. Industrial Alliance Investment Management Inc. increased its holdings in shares of TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after acquiring an additional 80 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of TFI International by 1,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after acquiring an additional 4,200 shares during the last quarter. Summit Global Investments raised its stake in shares of TFI International by 83.7% in the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after acquiring an additional 3,012 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in TFI International by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after purchasing an additional 743 shares during the last quarter. 73.30% of the stock is currently owned by 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.