TFI International (NYSE:TFII) Given New $108.00 Price Target at Citigroup

TFI International (NYSE:TFII - Get Free Report) had its price objective hoisted by stock analysts at Citigroup from $107.00 to $108.00 in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has a "buy" rating on the stock. Citigroup's price objective would indicate a potential upside of 20.10% from the company's current price.

A number of other research firms have also weighed in on TFII. Susquehanna raised their target price on shares of TFI International from $100.00 to $105.00 and gave the company a "positive" rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price objective on shares of TFI International from $98.00 to $101.00 and gave the company an "overweight" rating in a research report on Tuesday. BMO Capital Markets reduced their target price on shares of TFI International from $89.00 to $88.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Susquehanna Bancshares decreased their target price on shares of TFI International from $105.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Royal Bank Of Canada dropped their price target on TFI International from $98.00 to $94.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $116.25.

TFI International Price Performance

Shares of TFII traded down $2.50 during trading hours on Wednesday, reaching $89.92. 501,118 shares of the stock traded hands, compared to its average volume of 364,910. The company has a market cap of $7.47 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.83 and a beta of 1.48. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.86. The company's 50-day moving average price is $88.62 and its two-hundred day moving average price is $98.94. TFI International has a 52-week low of $72.02 and a 52-week high of $158.93.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.19). The company had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.46 billion. TFI International had a net margin of 4.59% and a return on equity of 16.69%. On average, analysts anticipate that TFI International will post 7.76 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently added to or reduced their stakes in the stock. QV Investors Inc. raised its stake in shares of TFI International by 60.6% during the first quarter. QV Investors Inc. now owns 350,096 shares of the company's stock valued at $27,103,000 after acquiring an additional 132,166 shares in the last quarter. Geode Capital Management LLC increased its holdings in TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after purchasing an additional 112,455 shares during the period. Quantbot Technologies LP increased its holdings in TFI International by 877.9% during the 1st quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock worth $6,077,000 after purchasing an additional 70,442 shares during the period. Canoe Financial LP raised its position in TFI International by 168.5% during the 1st quarter. Canoe Financial LP now owns 36,857 shares of the company's stock valued at $2,854,000 after purchasing an additional 23,131 shares in the last quarter. Finally, CDAM UK Ltd lifted its holdings in shares of TFI International by 2.5% in the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock worth $51,483,000 after buying an additional 9,200 shares during the period. 73.30% of the stock is currently owned by institutional investors.

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.