TFI International (NYSE:TFII) Stock Price Target Cut by UBS Group

Key Points

• UBS cut its TFI International price target from $159 to $114 and maintained a neutral rating; the new target implies 20.62% upside from the cited share price.
• Analyst views are mixed, but the consensus is “Moderate Buy,” with a $142.95 average price target. Sixteen analysts rate the stock Buy, five Hold, and one Sell.
• Shares traded at $94.51, down 0.5% on the day. TFI reported quarterly EPS of $1.67, below the $1.75 consensus estimate, while revenue of $2.23 billion matched expectations.

TFI International (NYSE:TFII - Get Free Report) had its target price lowered by equities research analysts at UBS Group from $159.00 to $114.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price suggests a potential upside of 20.62% from the stock's current price.

A number of other research firms have also recently commented on TFII. Weiss Ratings reiterated a "hold (c)" rating on shares of TFI International in a research note on Monday, September 21st. Canadian Imperial Bank of Commerce reduced their target price on TFI International from $158.00 to $120.00 and set an "outperformer" rating for the company in a research note on Monday, November 2nd. Veritas began coverage on shares of TFI International in a research note on Tuesday, November 3rd. They set a "hold" rating on the stock. Stephens dropped their price target on shares of TFI International from $160.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, November 2nd. Finally, Stifel Nicolaus dropped their price objective on TFI International from $132.00 to $107.00 and set a "hold" rating for the company in a research note on Monday, November 2nd. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, TFI International has an average rating of "Moderate Buy" and a consensus price target of $142.95.

TFI International Trading Down 0.5%

TFI International stock traded down $0.43 during trading hours on Monday, hitting $94.51. The company had a trading volume of 576,323 shares, compared to its average volume of 374,597. TFI International has a 1 year low of $80.63 and a 1 year high of $167.69. The firm has a market cap of $7.73 billion, a P/E ratio of 21.83, a P/E/G ratio of 0.76 and a beta of 1.68. The company has a 50-day moving average price of $118.30 and a two-hundred day moving average price of $128.90. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.10 and a current ratio of 1.11.

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

Hedge Funds Weigh In On TFI International

A number of large investors have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC purchased a new stake in TFI International in the 3rd quarter valued at about $36,000. Allworth Financial LP acquired a new stake in shares of TFI International during the 2nd quarter valued at approximately $46,000. State of Wyoming bought a new stake in TFI International in the second quarter valued at $56,000. Versant Capital Management Inc lifted its holdings in TFI International by 47.3% in the second quarter. Versant Capital Management Inc now owns 408 shares of the company's stock worth $59,000 after purchasing an additional 131 shares during the period. Finally, Tacita Capital Inc bought a new position in shares of TFI International during 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 is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. It provides freight transportation and related services through operating companies across Canada and the United States, with additional cross-border services.

The company's activities include less-than-truckload and truckload transportation, logistics and freight brokerage, and package and courier delivery. It also offers services such as intermodal transportation, warehousing, and specialized transportation, including waste and flatbed services.

TFI International traces its roots to a Quebec trucking business established in 1957.

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