TFI International (NYSE:TFII) Stock Price Target Lowered at TD Cowen

Key Points

• TD Cowen cut TFI International’s price target from $158 to $119 while maintaining a “buy” rating, implying 23.38% upside from the stock’s $96.45 trading price.
• Analyst sentiment remains broadly positive, with 14 Buy ratings and five Holds; MarketBeat lists a “Moderate Buy” consensus and a $162.59 average price target.
• TFI reported quarterly EPS of $1.67, missing the $1.75 consensus estimate, while revenue of $2.23 billion matched expectations. Institutional investors own 73.30% of the company.

TFI International (NYSE:TFII - Get Free Report) had its price target dropped by research analysts at TD Cowen from $158.00 to $119.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's price objective suggests a potential upside of 23.38% from the company's current price.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of TFI International from $144.00 to $117.00 and set an "outperform" rating for the company in a research report on Monday. BMO Capital Markets reiterated a "market perform" rating on shares of TFI International in a research note on Wednesday, October 7th. UBS Group boosted their price target on shares of TFI International from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. Wall Street Zen lowered shares of TFI International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 10th. Finally, Zacks Research downgraded shares of TFI International from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, TFI International has a consensus rating of "Moderate Buy" and a consensus price target of $162.59.

TFI International Stock Performance

TFII traded up $3.13 during trading on Monday, hitting $96.45. The stock had a trading volume of 350,097 shares, compared to its average volume of 370,085. The company has a 50 day moving average price of $122.28 and a 200-day moving average price of $129.26. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 0.59 and a beta of 1.68. TFI International has a one year low of $80.63 and a one year high of $167.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.10.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.23 billion. As a group, research analysts predict that TFI International will post 5.95 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caisse de depot et placement du Quebec purchased a new position in shares of TFI International in the second quarter worth about $910,995,000. Jupiter Topco LLC purchased a new stake in shares of TFI International during the 2nd quarter valued at approximately $515,259,000. The Manufacturers Life Insurance Company bought a new position in TFI International in the 2nd quarter worth approximately $189,264,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in TFI International in the 2nd quarter valued at approximately $136,656,000. Finally, Canada Pension Plan Investment Board purchased a new position in TFI International in the 2nd quarter valued at approximately $61,329,000. 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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