JPMorgan Chase & Co. Lowers TFI International (NYSE:TFII) Price Target to $104.00

Key Points

• JPMorgan Chase & Co. has lowered the price target for TFI International from $116.00 to $104.00, while maintaining an "overweight" rating, indicating a potential upside of 11.75% from its current price.
• Other analysts have varied opinions on TFI International, with target prices ranging from $88.00 to $120.18 and ratings from "Strong Buy" to "Sell."
• TFI International's stock is trading at $93.07, reflecting a 2.5% increase during midday trading, while the company posted earnings of $1.34 per share, exceeding analyst expectations.

TFI International (NYSE:TFII - Get Free Report) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $116.00 to $104.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 11.75% from the company's current price.

TFII has been the subject of several other reports. Stifel Nicolaus boosted their target price on TFI International from $88.00 to $91.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Cormark lowered TFI International from a "moderate buy" rating to a "hold" rating in a report on Tuesday, July 29th. Susquehanna boosted their target price on TFI International from $100.00 to $105.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. Weiss Ratings restated a "hold (c)" rating on shares of TFI International in a report on Saturday, September 27th. Finally, CIBC cut their price target on TFI International from $110.00 to $109.00 and set an "outperform" rating for the company in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $120.18.

TFI International Trading Up 2.5%

Shares of NYSE:TFII traded up $2.28 during midday trading on Wednesday, reaching $93.07. The company had a trading volume of 237,262 shares, compared to its average volume of 429,347. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.05. TFI International has a 1-year low of $72.02 and a 1-year high of $155.12. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 3.22 and a beta of 1.45. The company has a fifty day simple moving average of $91.71 and a two-hundred day simple moving average of $87.78.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.10. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. TFI International had a return on equity of 15.45% and a net margin of 4.48%. Research analysts predict that TFI International will post 7.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Dixon Mitchell Investment Counsel Inc. raised its stake in TFI International by 44.4% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company's stock worth $73,714,000 after acquiring an additional 251,444 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of TFI International by 19.1% during the second quarter. Geode Capital Management LLC now owns 632,426 shares of the company's stock worth $57,214,000 after purchasing an additional 101,218 shares during the last quarter. Baskin Financial Services Inc. grew its holdings in shares of TFI International by 1.6% during the second quarter. Baskin Financial Services Inc. now owns 420,152 shares of the company's stock worth $37,711,000 after purchasing an additional 6,786 shares during the last quarter. QV Investors Inc. grew its holdings in shares of TFI International by 0.8% during the second quarter. QV Investors Inc. now owns 352,781 shares of the company's stock worth $31,604,000 after purchasing an additional 2,685 shares during the last quarter. Finally, Argent Capital Management LLC grew its holdings in shares of TFI International by 303.4% during the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company's stock worth $12,811,000 after purchasing an additional 107,451 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

TFI International Company Profile

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.

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