TFI International (NYSE:TFII) Stock Rating Lowered by Bank of America

TFI International (NYSE:TFII) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued on Thursday,Briefing.com Automated Import reports.

Several other analysts have also recently weighed in on TFII. TD Cowen lowered their price objective on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price target on TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus increased their price objective on TFI International from $139.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. CIBC upped 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. Finally, Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.85.

TFI International Price Performance

NYSE TFII traded down $19.77 during trading on Thursday, reaching $107.84. The company’s stock had a trading volume of 457,428 shares, compared to its average volume of 228,424. The stock has a market capitalization of $9.08 billion, a PE ratio of 19.64, a P/E/G ratio of 1.40 and a beta of 1.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a fifty day moving average of $135.76 and a 200 day moving average of $140.89. TFI International has a one year low of $106.86 and a one year high of $162.13.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. Analysts expect that TFI International will post 6.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of TFI International by 7.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company’s stock valued at $5,046,000 after buying an additional 2,696 shares during the period. CDAM UK Ltd boosted its holdings in TFI International by 2.5% in the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock valued at $51,483,000 after acquiring an additional 9,200 shares in the last quarter. Geode Capital Management LLC boosted its holdings in TFI International by 31.5% in the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock valued at $64,345,000 after acquiring an additional 112,455 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after purchasing an additional 160 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after purchasing an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.