TFI International (NYSE:TFII) Stock Bumped Down to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen downgraded TFI International from “Buy” to “Hold.” Despite this move, analysts overall maintain a “Moderate Buy” consensus, with 16 Buy and six Hold ratings and an average price target of $145.32.
• Recent analyst price-target changes were mixed: Susquehanna, National Bank Financial, JPMorgan and RBC lowered targets, while Bank of America raised its target to $187.
• TFI reported quarterly EPS of $1.67, below the $1.75 consensus estimate, while revenue of $2.23 billion matched expectations. Shares opened at $94.75, well below their 50-day and 200-day moving averages.

TFI International (NYSE:TFII - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the stock. Susquehanna lowered their price target on shares of TFI International from $185.00 to $164.00 and set a "positive" rating on the stock in a report on Friday, October 2nd. Bank of America increased their target price on TFI International from $178.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. National Bank Financial reduced their price objective on TFI International from $161.00 to $148.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 6th. JPMorgan Chase & Co. cut their price objective on shares of TFI International from $175.00 to $168.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. Finally, Royal Bank Of Canada decreased their price objective on TFI International from $144.00 to $117.00 and set an "outperform" rating for the company in a research report on Monday, November 2nd. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, TFI International has a consensus rating of "Moderate Buy" and a consensus target price of $145.32.

TFI International Stock Performance

Shares of TFI International stock opened at $94.75 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.79. The stock's fifty day simple moving average is $118.30 and its 200 day simple moving average is $128.90. TFI International has a 12 month low of $80.63 and a 12 month high of $167.69. The company has a market capitalization of $7.79 billion, a PE ratio of 21.88, a PEG ratio of 0.63 and a beta of 1.67.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.08). TFI International had a return on equity of 16.05% and a net margin of 4.26%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. On average, research analysts predict that TFI International will post 5.56 EPS for the current year.

Hedge Funds Weigh In On TFI International

Several hedge funds have recently modified their holdings of the stock. Laurel Wealth Advisors LLC acquired a new position in shares of TFI International during the third quarter worth $36,000. Allworth Financial LP bought a new stake in shares of TFI International during the 2nd quarter valued at $46,000. State of Wyoming purchased a new position in shares of TFI International in the second quarter worth approximately $56,000. Versant Capital Management Inc boosted its holdings in shares of TFI International by 47.3% during the 2nd quarter. Versant Capital Management Inc now owns 408 shares of the company's stock valued at $59,000 after purchasing an additional 131 shares during the last quarter. Finally, Tacita Capital Inc purchased a new stake in TFI International in the 2nd quarter valued at about $91,000. Hedge funds and other institutional investors own 73.30% of the company's stock.

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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