Morgan Stanley Has Lowered Expectations for TFI International (NYSE:TFII) Stock Price

Key Points

• Morgan Stanley cut TFI International’s price target from $190 to $175 while maintaining an “overweight” rating, implying substantial upside from the stock’s previous close.
• Analyst sentiment remains generally positive: 14 analysts rate the stock a Buy and five rate it a Hold, resulting in a consensus “Moderate Buy” rating and an average target of $160.94.
• TFI shares rose 3.9% to $96.98, despite the company reporting quarterly EPS of $1.67, below the $1.75 consensus estimate; institutional investors own 73.3% of the stock.

TFI International (NYSE:TFII - Get Free Report) had its price target cut by analysts at Morgan Stanley from $190.00 to $175.00 in a research note issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 80.44% from the stock's previous close.

Several other equities analysts have also recently commented on the stock. UBS Group increased their price target on shares of TFI International from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 28th. BMO Capital Markets reissued a "market perform" rating on shares of TFI International in a report on Wednesday, October 7th. Citigroup restated a "cautious" rating on shares of TFI International in a research note on Wednesday, October 7th. Scotiabank reaffirmed an "outperform" rating on shares of TFI International in a report on Thursday, October 15th. Finally, Wall Street Zen cut TFI International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 10th. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $160.94.

TFI International Stock Up 3.9%

Shares of TFII stock traded up $3.66 during mid-day trading on Monday, reaching $96.98. 382,697 shares of the company were exchanged, compared to its average volume of 370,455. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.10 and a current ratio of 1.11. The business's 50 day simple moving average is $122.28 and its 200 day simple moving average is $129.26. The company has a market capitalization of $7.97 billion, a P/E ratio of 22.38, a P/E/G ratio of 0.59 and a beta of 1.68. TFI International has a fifty-two week low of $80.63 and a fifty-two week high of $167.69.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.08). TFI International had a net margin of 4.26% and a return on equity of 16.05%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. Research analysts predict that TFI International will post 5.95 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caisse de depot et placement du Quebec acquired a new stake in TFI International during the 2nd quarter worth about $910,995,000. Jupiter Topco LLC acquired a new position in shares of TFI International in the second quarter worth $515,259,000. The Manufacturers Life Insurance Company purchased a new stake in shares of TFI International during the second quarter worth $189,264,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of TFI International during the second quarter worth $136,656,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of TFI International during the second quarter worth $61,329,000. 73.30% of the stock is owned by institutional investors and hedge funds.

About TFI International

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.

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