Citigroup Forecasts Strong Price Appreciation for TFI International (NYSE:TFII) Stock

TFI International (NYSE:TFII - Get Free Report) had its price target lifted by stock analysts at Citigroup from $107.00 to $108.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 15.34% from the company's previous close.

A number of other equities research analysts also recently issued reports on the stock. Susquehanna boosted their price target on shares of TFI International from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. National Bankshares lifted their target price on shares of TFI International from $132.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Stifel Nicolaus set a $88.00 price target on TFI International in a research note on Monday, April 28th. Veritas raised TFI International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, Bank of America boosted their price objective on TFI International from $73.00 to $90.00 and gave the company an "underperform" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $116.25.

TFI International Price Performance

TFII stock traded up $1.63 during midday trading on Wednesday, reaching $93.64. The stock had a trading volume of 352,765 shares, compared to its average volume of 364,091. TFI International has a 52-week low of $72.02 and a 52-week high of $158.93. 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 fifty day simple moving average is $88.21 and its 200 day simple moving average is $99.61. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.80 and a beta of 1.48.

TFI International (NYSE:TFII - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.19). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.46 billion. TFI International had a return on equity of 16.69% and a net margin of 4.59%. As a group, sell-side analysts predict that TFI International will post 7.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. QV Investors Inc. boosted 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 worth $27,103,000 after buying an additional 132,166 shares during the period. Geode Capital Management LLC lifted its position 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 acquiring an additional 112,455 shares during the period. Quantbot Technologies LP grew its stake in shares of TFI International by 877.9% in the 1st quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock valued at $6,077,000 after purchasing an additional 70,442 shares during the last quarter. Canoe Financial LP grew its stake in shares of TFI International by 168.5% in 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 during the last quarter. Finally, CDAM UK Ltd increased its holdings in shares of TFI International by 2.5% in the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock valued at $51,483,000 after purchasing an additional 9,200 shares during the period. Institutional investors and hedge funds own 73.30% of the company's stock.

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.